Grit Real Estate Income Group - GR1T Share Forecast, Price & News

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.

Grit Real Estate Income Group Stock Performance

GR1T traded up GBX 2.50 ($0.03) during trading on Thursday, hitting GBX 32.50 ($0.39). The stock had a trading volume of 1,580 shares, compared to its average volume of 45,785. The company has a 50 day moving average price of GBX 33.41 and a 200-day moving average price of GBX 33.67. The firm has a market cap of £160.90 million and a price-to-earnings ratio of -2.58. Grit Real Estate Income Group has a one year low of GBX 0.35 ($0.00) and a one year high of GBX 42.59 ($0.51). The company has a debt-to-equity ratio of 111.56, a current ratio of 0.69 and a quick ratio of 0.45.