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CANADIAN INTRA-DAY STOCK REPORT
www.buysellsignals.com
Granite Real Estate Investment Trust (TSX:GRT.UN CAD70.26) has increased 39.0c (0.6%) to trade at CAD70.26 at 14:02 pm, Toronto time Tuesday. Compared with the S & P/TSX 60 Index which is up 1.7 points (0.1%) to 1,582.47, the relative price increase is 0.4%.
There were 28,270 units worth CAD2 million ($1.4 million) traded so far today. The volume was 0.5 times the average trading volume of 53,168 units since open at 09:30 am.
Granite Real Estate Investment Trust is Canada's 5th largest Real estate services company by market cap.
RECAP OF MONDAY'S BULLISH SIGNALS
Relative Value Indicators: Undervaluation compared with Index averages and bond yield
Dividend Yield > Bond Yield of 3.2%:
The dividend yield of 4.79% is 1.5 times the triple-A bond yield of 3.2%. The times factor of 1.5 is above the benchmark factor of 0.67 times set by Benjamin Graham.
(All figures in %)
PAST WEEK: MODERATE MOMENTUM UP
GRT.UN adds 4.2% on firm volume 1.2 times average. Compared...