Grainger (GRI)

Sector:

Real Estate

Index:

FTSE 250

244.00p
   
  • Change Today:
    -7.00p
  • 52 Week High: 274.80p
  • 52 Week Low: 217.60p
  • Currency: UK Pounds
  • Shares Issued: 741.56m
  • Volume: 4,333,475
  • Market Cap: £1,809.40m
  • RiskGrade: 114

Grainger to fund, buy Cardiff development for ?57m

By Frank Prenesti

Date: Thursday 05 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Grainger, the UK's largest listed provider of private rental homes, said it had agreed to forward fund and buy a 307 home development in Cardiff for £57m.

The company on Thursday said it expected the investment to generate a gross yield on cost approaching 7% once stabilised, with completion anticipated in mid-2022.

"Cardiff is a key target city for Grainger's private rental sector investment strategy due to its strong economic prospects and growth potential. Despite strong rental market fundamentals, the city has a limited amount of amenitised, purpose-built, build-to-rent housing," Grainger said in a statement.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Grainger Market Data

Currency UK Pounds
Share Price 244.00p
Change Today -7.00p
% Change -2.79 %
52 Week High 274.80p
52 Week Low 217.60p
Volume 4,333,475
Shares Issued 741.56m
Market Cap £1,809.40m
RiskGrade 114

Grainger Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
36.88% below the market average36.88% below the market average36.88% below the market average36.88% below the market average36.88% below the market average
52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average
Income Not Available
Growth
84% below the market average84% below the market average84% below the market average84% below the market average84% below the market average
63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 1
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Grainger Dividends

  Latest Previous
  Interim Final
Ex-Div 23-May-24 28-Dec-23
Paid 05-Jul-24 14-Feb-24
Amount 2.54p 4.37p

Trades for 23-May-2024

Time Volume / Share Price
16:44 1,670 @ 243.49p
16:44 218,165 @ 243.49p
16:35 315,708 @ 244.00p
16:35 3,332 @ 244.00p
16:35 4,103 @ 244.00p

Grainger Key Personnel

CEO Helen Gordon
CFO Robert Hudson

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