Grainger (LON:GRI) Reaches New 1-Year Low – Here’s Why

Grainger plc (LON:GRI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 188 ($2.40) and last traded at GBX 189 ($2.42), with a volume of 5110323 shares changing hands. The stock had previously closed at GBX 197.80 ($2.53).

Grainger Trading Down 2.7 %

The company has a current ratio of 4.49, a quick ratio of 0.87 and a debt-to-equity ratio of 84.49. The firm has a market capitalization of £1.39 billion, a price-to-earnings ratio of -1,254.67, a P/E/G ratio of 1.51 and a beta of 0.71. The firm’s 50-day moving average is GBX 206.58 and its 200 day moving average is GBX 221.27.

Grainger Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, January 16th were issued a dividend of GBX 5.01 ($0.06) per share. This represents a dividend 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 payout ratio is -4,666.67%.

Insider Activity at Grainger

In other news, insider Robert Hudson purchased 72 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of GBX 7,200 ($92.00) per share, for a total transaction of £5,184 ($6,624.07). Also, insider Helen Gordon sold 29,992 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of GBX 215 ($2.75), for a total transaction of £64,482.80 ($82,395.60). 1.92% of the stock is currently owned by company insiders.

Grainger Company Profile

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.