Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Grainger ( (GB:GRI) ) has issued an update.
Grainger plc has successfully achieved full lease-up of The Kimmeridge, its flagship 150-home build-to-rent development in Oxford, within just seven months, surpassing the anticipated 12-month timeline. This milestone underscores the strong demand for Grainger’s high-quality rental homes and reinforces its strategic investment in Oxford, further solidifying its leadership in the build-to-rent sector. The success of The Kimmeridge, which offers extensive amenities and professional on-site services, strengthens Grainger’s confidence in its strategy to deliver long-term returns and dividends for shareholders while meeting the growing demand for rental housing in key UK cities.
The most recent analyst rating on (GB:GRI) stock is a Buy with a £229.00 price target. To see the full list of analyst forecasts on Grainger stock, see the GB:GRI Stock Forecast page.
Spark’s Take on GB:GRI Stock
According to Spark, TipRanks’ AI Analyst, GB:GRI is a Outperform.
Grainger’s strong financial performance and positive corporate events are offset by technical weaknesses and financial risks due to high leverage. The stock’s attractive valuation provides a cushion, making it a balanced investment opportunity.
To see Spark’s full report on GB:GRI stock, click here.
More about Grainger
Grainger plc, founded in 1912 in Newcastle upon Tyne, is the UK’s largest listed residential landlord and a leader in the build-to-rent sector. As a FTSE 250 business and Real Estate Investment Trust (REIT), Grainger provides approximately 11,100 rental homes to over 25,000 customers and has a pipeline of around 4,500 build-to-rent homes worth £1.3 billion. The company collaborates with public sector organizations to deliver new homes and is committed to sustainability, aiming for net zero carbon operations by 2030.
Average Trading Volume: 1,900,758
Technical Sentiment Signal: Sell
Current Market Cap: £1.38B
See more data about GRI stock on TipRanks’ Stock Analysis page.