Grit Real Estate Income Group (LON:GR1T) Trading 2.5% Higher

Grit Real Estate Income Group Limited (LON:GR1T)’s stock price shot up 2.5% during trading on Monday . The company traded as high as GBX 20.50 ($0.26) and last traded at GBX 20.50 ($0.26). 50,000 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 191,536 shares. The stock had previously closed at GBX 20 ($0.25).

Grit Real Estate Income Group Stock Performance

The stock’s 50 day moving average price is GBX 20.75 and its 200 day moving average price is GBX 20.43. The company has a debt-to-equity ratio of 152.89, a quick ratio of 0.24 and a current ratio of 0.28. The company has a market capitalization of £98.33 million, a P/E ratio of -256.23 and a beta of 0.21.

Grit Real Estate Income Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a $0.02 dividend. This represents a dividend yield of 5.37%. The ex-dividend date of this dividend is Thursday, April 4th. Grit Real Estate Income Group’s dividend payout ratio is currently -3,750.00%.

Grit Real Estate Income Group Company Profile

Grit Real Estate Income Group Limited is the leading Pan-African real estate company focused on investing in, developing and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors.