LON:GR1TGrit Real Estate Income Group Share Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Grit Real Estate Income Group Ltd Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add GBX 0.68 0.00 (0.00 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range 0.68Now: GBX 0.68▼ 0.6850-Day Range 0.67MA: GBX 6.11▼ 6952-Week Range 0.01Now: GBX 0.68▼ 116VolumeN/AAverage VolumeN/AMarket Capitalization£2.06 millionP/E Ratio9.78Dividend Yield18.07%BetaN/A ProfileAdvanced ChartCompetitorsDividendHeadlines Grit is a pan African property investment company focusing on African real estate assets (excluding South Africa and Namibia). The Company is underpinned by predominantly US Dollar and Euro denominated, medium to long term leases with high quality global graded tenants, delivering sustainable income and growth. The Company holds dual primary listings on the main board of the Johannesburg Stock Exchange ("JSE"), since July 2014, and on the Official Market of the Stock Exchange of Mauritius Ltd ("SEM"), since March 2015. The Company has announced a potential listing on the main market of the London Stock Exchange ("LSE Listing") which is due to take place in July 2018. The Company has seen significant growth in the portfolio, with total property related investments of US$591m. The Company has exposure into Morocco, Mozambique, Mauritius, Kenya and Zambia. During the reporting and subsequent period, the Company entered the Botswana and Ghana markets. The Group's strategy remains to expand its property portfolio throughout targeted countries in Africa. The Company's expansion will provide sustainable long term, hard currency-based income from high quality global graded tenants. The core focus of the Company is on enhancing shareholder value through a progressive dividend policy and long- term capital growth, which supports the target net asset value growth of the Company. The Company's sustained delivery has been attributed to the geographic and asset class diversification, low portfolio vacancy rate, long term lease profile, redevelopment opportunities and strong management expertise.Read More Beat the Market (BTM) Rank™ 0.0 Analyst's Opinion Consensus RatingThere is not enough analysis data for Grit Real Estate Income Group. Previous Next 2.5 Community Rank Outperform VotesGrit Real Estate Income Group has received 13 “outperform” votes. (Add your “outperform” vote.)Underperform VotesGrit Real Estate Income Group has received 13 “underperform” votes. (Add your “underperform” vote.)Community SentimentGrit 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. Previous Next 1.7 Dividend Strength Dividend LeadershipGrit Real Estate Income Group is a leading dividend payer. It pays a dividend yield of 18.07%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGrit Real Estate Income Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Grit Real Estate Income Group is 17,391.30 %. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Grit Real Estate Income Group insiders have not sold or bought any company stock. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Grit Real Estate Income Group is 9.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.33.Price to Earnings Ratio vs. SectorThe P/E ratio of Grit Real Estate Income Group is 9.78, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 10.09.Price to Book Value per Share RatioGrit Real Estate Income Group has a P/B Ratio of 0.01. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.0Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.21 out of 5 stars 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/ADebt Debt-to-Equity Ratio109.84 Current Ratio0.90 Quick Ratio0.86Price-To-Earnings Trailing P/E Ratio9.78 Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales£72.89 million Price / Sales0.03 Cash FlowGBX 8.40 per share Price / Cash Flow0.08 Book ValueGBX 129.20 per share Price / Book0.01Profitability EPS (Most Recent Fiscal Year)N/A Net IncomeN/A Net MarginsN/A Return on EquityN/A Return on AssetsN/AMiscellaneous EmployeesN/A Outstanding Shares305,548,992Market Cap£2.06 million Next Earnings DateN/A OptionableNot Optionable LSE:GR1T Rates by TradingView Receive GR1T News and Ratings via Email Sign-up to receive the latest news and ratings for GR1T and its competitors with MarketBeat's FREE daily newsletter. Grit Real Estate Income Group (LON:GR1T) Frequently Asked Questions How has Grit Real Estate Income Group's stock been impacted by COVID-19 (Coronavirus)? Grit Real Estate Income Group's stock was trading at GBX 1.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GR1T shares have decreased by 38.9% and is now trading at GBX 0.68. View which stocks have been most impacted by Coronavirus. 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 Thursday, February 13th. Stockholders of record on Thursday, March 5th will be paid a dividend of GBX 0.05 per share on Friday, April 3rd. This represents a yield of 4.45%. The ex-dividend date of this dividend is Thursday, March 5th. The official announcement can be seen at this link. View Grit Real Estate Income Group's dividend history. Has Grit Real Estate Income Group been receiving favorable news coverage? News stories about GR1T stock have been trending extremely negative on Sunday, according to InfoTrie. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Grit Real Estate Income Group earned a news impact score of -4.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutGrit Real Estate Income Group. Who are some of Grit Real Estate Income Group's key competitors? Some companies that are related to Grit Real Estate Income Group include Hibernia REIT (HBRN), Artis Real Estate Investment Trust Unit (ARESF), Cofinimmo NV/SA (COFB), Cominar REIT (CMLEF), DEXUS Property Group (DXSPF), Firm Capital Property Trust (FRMUF), Folkestone Education Trust (FET), PennyMac Mortgage Investment Trust (PMT.PB), PRO Real Estate Investment Trust (PRV.UN) and Stockland (STKAF). View all competitors. 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, CEO & Exec. Director (Age 37)Mr. Leon Paul van de Moortele, CFO & Exec. Director (Age 43)Ms. Heidi Rix, COO & Group Gen. Mang.Ms. Belinda Wong-Vacher, Chief Investment and Corp. Advisory Officer (Age 34)Darren Veenhuis, Head of Investor Relations 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. What is Grit Real Estate Income Group's stock price today? One share of GR1T stock can currently be purchased for approximately GBX 0.68. How big of a company is Grit Real Estate Income Group? Grit Real Estate Income Group has a market capitalization of £2.06 million and generates £72.89 million in revenue each year. 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 5/31/2020 by MarketBeat.com Staff
