Grit Real Estate Income Group (LON:GR1T) Shares Down 2.4%

Grit Real Estate Income Group Limited (LON:GR1T) shares fell 2.4% on Thursday . The stock traded as low as GBX 20 ($0.25) and last traded at GBX 20.50 ($0.26). 63,710 shares were traded during mid-day trading, a decline of 69% from the average session volume of 204,679 shares. The stock had previously closed at GBX 21 ($0.27).

Grit Real Estate Income Group Stock Performance

The company has a debt-to-equity ratio of 152.89, a current ratio of 0.28 and a quick ratio of 0.24. The firm’s 50 day moving average price is GBX 21.44 and its 200-day moving average price is GBX 22.87. The firm has a market cap of £98.34 million, a price-to-earnings ratio of -256.25 and a beta of 0.21.

Grit Real Estate Income Group Cuts Dividend

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

About Grit Real Estate Income Group

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 multinational tenant covenants across a diverse range of robust property sectors.