Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Grainger ( (GB:GRI) ) has shared an announcement.
Grainger plc has achieved a significant milestone with its first build-to-rent scheme in Oxford, The Kimmeridge, reaching approximately 60% lease-up within three months of its launch. This rapid uptake underscores the strong demand for Grainger’s high-quality rental homes and highlights its market-leading operational platform. The success of The Kimmeridge, which offers extensive amenities and professional on-site services, reinforces Grainger’s strategic investment in Oxford and its confidence in continuing to invest in key UK cities to meet growing rental housing needs. This development strengthens Grainger’s position in the build-to-rent sector and supports its strategy to deliver long-term returns and dividends to shareholders.
The most recent analyst rating on (GB:GRI) stock is a Buy with a £300.00 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 corporate events and reasonable valuation are offset by mixed technical indicators and financial risks from high leverage. The company’s strategic expansions and employee incentive programs offer growth potential, contributing to a solid overall performance.
To see Spark’s full report on GB:GRI stock, click here.
More about Grainger
Grainger plc, founded in 1912 and headquartered in Newcastle upon Tyne, is the UK’s largest listed residential landlord and a leader in the build-to-rent sector. The company provides approximately 11,100 rental homes to over 25,000 customers and has a pipeline of around 4,500 build-to-rent homes valued at £1.3 billion. Grainger collaborates with various public sector organizations to deliver new homes and is recognized for its commitment to sustainability and ESG initiatives.
Average Trading Volume: 1,874,074
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.53B
For a thorough assessment of GRI stock, go to TipRanks’ Stock Analysis page.