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Grainger ( (GB:GRI) ) has shared an announcement.
Connected Living London, the joint venture between Grainger and Places for London, has agreed to forward fund and acquire a 195-home build-to-rent scheme at Chiswick Reach in West London from Barratt Redrow for approximately £68.4 million. The project, which has full planning consent and safety approvals, will deliver a mix of standard and discounted market rent units, alongside commercial and amenity space, and marks Grainger’s first build-to-rent collaboration with a major UK housebuilder, strengthening its West London cluster and reinforcing its strategy of growing its London portfolio of professionally managed rental homes.
The most recent analyst rating on (GB:GRI) stock is a Buy with a £215.00 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 Neutral.
Grainger’s overall stock score reflects a mixed financial performance with strong profitability but declining revenue and cash flow. The technical analysis indicates bearish momentum, but the stock’s attractive valuation and positive earnings call outlook provide a counterbalance. The company’s strategic growth plans and REIT conversion are significant positives.
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 private rented sector, focused on expanding its portfolio through a build-to-rent investment and operational platform. The company owns a national portfolio of over 11,000 rental homes and has around 4,500 additional build-to-rent homes in a £1.3 billion development pipeline, with a particular emphasis on professionally managed, purpose-built rental housing across the country.
Average Trading Volume: 2,165,368
Technical Sentiment Signal: Sell
Current Market Cap: £1.4B
Find detailed analytics on GRI stock on TipRanks’ Stock Analysis page.