Shares of Grainger plc (LON:GRI – Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as GBX 205 ($2.62) and last traded at GBX 207 ($2.65), with a volume of 287219 shares traded. The stock had previously closed at GBX 207.50 ($2.65).
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on GRI. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 336 ($4.30) price objective on shares of Grainger in a research note on Friday, November 22nd. Berenberg Bank restated a “buy” rating and issued a GBX 299 ($3.82) price target on shares of Grainger in a research note on Friday, November 29th.
Read Our Latest Research Report on GRI
Grainger Trading Down 1.5 %
Grainger Increases Dividend
The company also recently declared a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 16th were issued a GBX 5.01 ($0.06) dividend. This represents a yield of 2.26%. The ex-dividend date was Thursday, January 16th. This is a positive change from Grainger’s previous dividend of $2.54. Grainger’s dividend payout ratio (DPR) is -4,666.67%.
Insider Activity at Grainger
In related news, insider Helen Gordon sold 29,992 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of GBX 215 ($2.75), for a total value of £64,482.80 ($82,490.47). Also, insider Robert Hudson sold 48,642 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of GBX 220 ($2.81), for a total value of £107,012.40 ($136,897.02). 1.92% of the stock is owned by company insiders.
About Grainger
Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord and leader in the fast-growing build-to-rent sector, providing c.11,100 rental homes to over 20,000 customers. With a pipeline of secured build-to-rent development projects totalling c.5,000 homes and £1.5bn, Grainger is creating thousands more rental homes by investing in cities across the UK.
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