LON:GR1T

Grit Real Estate Income Group Share Forecast, Price & News

GBX 51

0.00 (0.00 %)

(As of 02/24/2021 09:00 PM ET)

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Today's Range

Now: GBX 51▼

50-Day Range

MA: GBX 51.06▼

52-Week Range

0.56

Now: GBX 51▼

Volume5,400 shs

Average Volume34,868 shs

Market Capitalization£155.83 million

P/E RatioN/A

Dividend Yield10.38%

BetaN/A

Grit is listed on the London Stock Exchange main market (LSE: GR1T), the Johannesburg Stock Exchange main board (JSE: GTR) and the Stock Exchange of Mauritius Ltd official market (SEM: DEL.N0000). Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). By investing in real estate assets across Africa, the Company is building a secure financial future for schools, employees, non-profit organisations, and the like. As such, Grit is unlocking potential across the African continent in an effort to anchor communities and create sustainable jobs. The company's high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors. The Company is committed to delivering strong and sustainable income for shareholders, with the potential for income and capital growth. The Company is targeting 8.5%+ p.a. dividend yield in USD and 12.0%+ p.a. NAV total return.

Headlines

Grit Real Estate To Consider Extra Dividend, Aims To Be FTSE Eligible
February 15, 2021 | lse.co.uk

Seizing the right opportunity
February 12, 2021 | bizjournals.com

Grit Real Est. Share News (GR1T)
January 13, 2021 | lse.co.uk

Have Insiders Been Buying Grit Real Estate Income Group Limited (LON:GR1T) Shares This Year?
January 9, 2021 | finance.yahoo.com

Grit Real Estate Income Group Ltd
October 16, 2020 | bloomberg.com

Here's What Grit Real Estate Income Group Limited's (LON:GR1T) Shareholder Ownership Structure Looks Like
September 10, 2020 | finance.yahoo.com

Developers tipped to liquidate properties for fresh capital
September 9, 2020 | msn.com

Grit Real Estate Gets 91% Of Rent Since Lockdown; Affirms Payout Plans
July 3, 2020 | www.lse.co.uk

BRIEF-Grit Real Estate Income Group Collects 90.9% Of Value Of Contracted Rev During March-June Period
July 3, 2020 | www.reuters.com

China Ends Wuhan Lockdown, but Normal Life Is a Distant Dream
April 7, 2020 | www.nytimes.com

BRIEF-Grit Real Estate Income Group Announces 4-Week Postponement In Settlement Of Interim Dividend
April 2, 2020 | www.reuters.com

Losing sleep and weight over the MCO
April 2, 2020 | www.msn.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange LON

Industry REIT - Diversified

Sub-IndustryN/A

SectorReal Estate

Current SymbolLON:GR1T

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.grit.group

PhoneN/A

Employees92

Year FoundedN/A

Debt

Debt-to-Equity Ratio128.09

Current Ratio1.35

Quick Ratio1.08

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales£43.70 million

Price / Sales3.57

Cash FlowGBX 3.20 per share

Price / Cash Flow15.94

Book ValueGBX 103.70 per share

Price / Book0.49

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares305,549,000

Market Cap£155.83 million

Next Earnings DateN/A

OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

1.29 out of 5 stars

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Grit Real Estate Income Group.

2.5 Community Rank

Outperform Votes
Grit Real Estate Income Group has received 13 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Grit Real Estate Income Group has received 13 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Grit Real Estate Income Group has received 50.00% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Grit Real Estate Income Group and other stocks. Vote “Outperform” if you believe GR1T will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GR1T will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Grit Real Estate Income Group is a leading dividend payer. It pays a dividend yield of 10.38%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Grit Real Estate Income Group does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Grit Real Estate Income Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought £20,096.37 in company stock and sold GBX 0 in company stock.

0.6 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Grit Real Estate Income Group is -2.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Grit Real Estate Income Group is -2.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Grit Real Estate Income Group has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

GBX 51

0.00 (0.00 %)

(As of 02/24/2021 09:00 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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Grit Real Estate Income Group (LON:GR1T) Frequently Asked Questions

What stocks does MarketBeat like better than Grit Real Estate Income Group?

Wall Street analysts have given Grit Real Estate Income Group a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Grit Real Estate Income Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

How has Grit Real Estate Income Group's stock price been impacted by Coronavirus?

Grit Real Estate Income Group's stock was trading at GBX 1.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, GR1T shares have increased by 4,515.4% and is now trading at GBX 51.
View which stocks have been most impacted by COVID-19.

How often does Grit Real Estate Income Group pay dividends? What is the dividend yield for Grit Real Estate Income Group?

Grit Real Estate Income Group announced a dividend on Monday, February 15th. Shareholders of record on Thursday, March 4th will be given a dividend of GBX 0.02 per share on Friday, April 9th. This represents a yield of 2.12%. The ex-dividend date of this dividend is Thursday, March 4th. The official announcement can be viewed at this link.
View Grit Real Estate Income Group's dividend history.

Is Grit Real Estate Income Group a good dividend stock?

Grit Real Estate Income Group pays an annual dividend of GBX 0.12 per share and currently has a dividend yield of 10.38%. GR1T has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View Grit Real Estate Income Group's dividend history.

Who are Grit Real Estate Income Group's key executives?

Grit Real Estate Income Group's management team includes the following people:

Ms. Bronwyn Anne Corbett B.Com., C.A., CEO & Exec. Director (Age 39, Pay $845k)
Mr. Leon Paul van de Moortele C.A., CFO & Exec. Director (Age 45, Pay $569k)
Ms. Moira van der Westhuizen B.Com., C.A., Chief Operating Officer (Age 51)
Mr. Adam Nisbet, Head of Investment
Mr. Terence Kretzmann, Head of Corp. Fin.
Ms. Corinne Robert, Head of Communications
Mr. Greg Pearson, Group Director (Age 42)
Mr. Trevor Matthews, Sr. Operations Asset Mang.
Mr. Bevan Smith C.A., C.F.A., Head of Strategic Projects
Mr. Darren Veenhuis C.A., Chief Strategy Officer

Who are some of Grit Real Estate Income Group's key competitors?

Some companies that are related to Grit Real Estate Income Group include True North Commercial REIT (TNT.UN), BMO Commercial Property Trust (BCPT), PRS REIT (PRSR.L) (PRSR), Automotive Properties Real Est Invt TR (APR.UN), A & J Mucklow Group P L C (MKLW), Custodian REIT (CREI), Rdi Reit (RDI), Dream Hard Asset Alternatives Trust (DRA.UN), Morguard Real Estate Inv. (MRT.UN), Standard Life Investments Property Income Trust (SLI), BTB Real Estate Investment Trust (BTB.UN), McKay Securities Plc (MCKS.L) (MCKS), Ediston Property Investment (EPIC), Aew Uk Reit (AEWU) and Melcor Real Estate Investment Trust (MR.UN).
View all of GR1T's competitors.

What is Grit Real Estate Income Group's stock symbol?

Grit Real Estate Income Group trades on the London Stock Exchange (LON) under the ticker symbol "GR1T."

How do I buy shares of Grit Real Estate Income Group?

Shares of GR1T and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

What is Grit Real Estate Income Group's stock price today?

One share of GR1T stock can currently be purchased for approximately GBX 51.

How much money does Grit Real Estate Income Group make?

Grit Real Estate Income Group has a market capitalization of £155.83 million and generates £43.70 million in revenue each year.

How many employees does Grit Real Estate Income Group have?

Grit Real Estate Income Group employs 92 workers across the globe.

What is Grit Real Estate Income Group's official website?

The official website for Grit Real Estate Income Group is www.grit.group.

This page was last updated on 2/25/2021 by MarketBeat.com Staff

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