Yew Grove REIT

Upgrades from the recent equity raise and acquisitions

  • Sectors : Real Estate
  • Companies : Yew Grove REIT

Ratings and price correct at time of issue.

  • Yew Grove REIT

    Closing Price: 94.0c

  • RATING 20/04/20

  • PREVIOUS RATING N/A

DAVY VIEW

Yew Grove issued equity recently and has deployed the proceeds into acquisitions of high yielding assets. The net effect is an upgrade to earnings and dividend forecasts, boosting the dividend yield to over 7% next year. There is a slight impact on NAV, which is mainly from transaction costs on the acquisitions.

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Jun 3 2021, 07:30 IST/BST

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