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Grainger ( (GB:GRI) ) just unveiled an announcement.
Grainger plc has successfully converted to Real Estate Investment Trust (REIT) status, marking a significant milestone in its nine-year strategic transformation into a pure-play Build to Rent (BTR) business. This conversion enhances Grainger’s ability to deliver sustainable returns to shareholders and solidifies its position as a leader in the BTR sector, offering tax-efficient investment opportunities and eliminating effective double taxation. The move is expected to unlock shareholder value and support long-term growth, with a forecast of 50% EPRA earnings growth by FY29. Grainger’s fully funded pipeline of 4,565 new homes and its successful asset recycling program further position the company for continued success and growth in the UK housing market.
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 is the UK’s largest listed residential landlord and a market leader in the UK private rented sector. The company focuses on expanding its private rented sector portfolio through its leading build-to-rent investment and operational platform, boasting a national portfolio of over 11,000 rental homes and an additional pipeline of approximately 4,500 build-to-rent homes valued at £1.3 billion.
Average Trading Volume: 1,782,622
Technical Sentiment Signal: Sell
Current Market Cap: £1.41B
For an in-depth examination of GRI stock, go to TipRanks’ Overview page.