Grit Real Estate Income Group Ltd (LON:GR1T) shares dropped 0.4% during trading on Wednesday . The company traded as low as GBX 1.19 ($0.02) and last traded at GBX 1.19 ($0.02), approximately 3,000 shares changed hands during trading. The stock had previously closed at GBX 1.20 ($0.02).
The stock has a 50-day simple moving average of GBX 56.84 and a 200 day simple moving average of GBX 83.47. The company has a current ratio of 0.21, a quick ratio of 0.18 and a debt-to-equity ratio of 99.29. The company has a market cap of $3.52 million and a price-to-earnings ratio of 12.27.
The company also recently declared a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 17th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, October 17th. This represents a yield of 5.31%. This is a boost from Grit Real Estate Income Group’s previous dividend of $0.05. Grit Real Estate Income Group’s payout ratio is currently 123.71%.
Grit is a pan African property investment company focusing on African real estate assets (excluding South Africa and Namibia). The Company is underpinned by predominantly US Dollar and Euro denominated, medium to long term leases with high quality global graded tenants, delivering sustainable income and growth.
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