There’s no denying the appeal of Growthpoint Properties Ltd (JSE: GRT)—a blue-chip company—to South African traders.
With a staggering Growthpoint Properties Share Price range of R1,337 to R1,369, and average volume of 9.03 million, a dividend yield of 9.13%, and a market capitalization of R46.83 billion, investing in GRT can be an effective strategy for South African traders to grow their wealth.
This article will guide you on everything you must know about Growthpoint Properties. Read on to learn more about the Growthpoint share price today and whether it’s a promising investment.
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Growthpoint Properties (GRT) Price Today
As of 2024, Growthpoint Properties (GRT) has a market capitalization of 46.83 billion ZAR, making it one of the largest companies in the South African local equity market.
Currently, the Growthpoint Properties share price trades around 1,337 to 1,369 ZAR. To take advantage of this profitable price range, you must open an account with any broker that offers access to the Johannesburg Stock Exchange (JSE), typically a South African broker. Moreover, you should be familiar with the company fundamentals, including the prominent participation of institutional traders in the GRT market.
Check out the table below for GRT’s historical price data.
| Market Cap | R 46.83B |
| Price Range | R 1,337~ R 1,369 |
| ESP-TTM | 120.25 |
| Dividend Yield | 9.2% |
| Authorized Shares | 5,000,000,000 |
| Issued Shares | 3,430,787,066 |
Growthpoint Properties Limited is part of two competitive Real Estate value chains: the Real Estate Investment Trust Industry and the Real Estate Sector of the Johannesburg Stock Exchange (JSE).
What Is Growthpoint Properties Ltd.?
Growthpoint Properties Ltd. is a publicly traded company listed on the Johannesburg Stock Exchange (JSE), with JSE: GRT as its symbol. It is the seventh most traded company on the JSE, which is the major stock exchange in South Africa.
Growthpoint Properties Ltd. offers various real estate services and products. The total value of the company’s property portfolio in South Africa is 64.1 billion ZAR.
As per the data from the year-end of 2023, this real estate portfolio tallied 369 directly owned properties in South Africa. Beyond South Africa, the company owned multiple properties in various Growthpoint Properties satellites, including:
- 58 properties in Growthpoint Properties Australia Limited (GOZ) valued at R61.8 billion.
- Five properties in Capital & Regional Plc (C&R) in England valued at R8.5 billion.
- A 50% interest in the V&A Waterfront properties valued at R10.1 billion.
- A 29.5% interest in Globalworth Real Estate Investment Limited (GWI) properties valued at R17.4 billion.
- A 39.1% interest in Growthpoint Healthcare Property Holdings (RF) Limited (GHPH) properties valued at R3.7 billion.
- A 14.3% interest in Growthpoint Student Accommodation Holdings (RF) Limited (GSAH) properties valued at R2.7 billion.
- An 18.4% interest in Lango Real Estate Limited (Lango) properties valued at R2.1 billion.
As of writing, the Growthpoint head office is at Sandton Drive, Johannesburg City.
Want to get in touch with the company? Here is Growthpoint’s main contact information.
| Company email | [email protected] |
| Company website | http://www.growthpoint.co.za |
| Company postal address | PO Box 78949, Sandton, 2146 |
| Company telephone number | 011 944-6000 |
Is Growthpoint Properties a Good Investment Today?
Yes, Growthpoint is among the blue-chip companies in the South African stock market. If you care about stock valuation, this company deserves your attention.
Growthpoint stocks are also hot in the eyes of stock investors as the company pays its shareholder dividends. Despite experiencing a decline in its growth rate, GRT’s dividend is still at an attractive 8.76%.
Based on its historical growth and performance across different technical indicators, Growthpoint Properties Ltd. (JSE: GRT) is suggested as a strong buy in 2024. The company’s earnings per share have shown continuous increments over time.
Moreover, as of the end of 2023, its revenue increased by 3.99% to 3.56B. Growthpoint Properties’ consistent revenue increase ensures that this blue-chip stock can be a profitable investment for South African traders.
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How to Buy Growthpoint Properties Ltd.?
Trading JSE: GRT is considered an effective investment strategy for securing financial futures. However, you must do it right.
Here are the steps to invest in Growthpoint Properties Limited properly.
Research the JSE: GRT Market
Before anything else, you must become familiar with the market condition of the JSE: GRT. This ensures that this stock can help you achieve your overall financial goals.
As of this writing, the Growthpoint Properties share price trades around 1,337 to 1,369 ZAR. Always assess the market volume to get an idea of the liquidity and volatility of the JSE: GRT market.
Moreover, you must be familiar with the influence of institutional investors on the JSE: GRT share price movement. A substantial part of the Growthpoint Properties market is made up of institutional investors, who own 68% of the overall company stocks.
Lastly, if you plan to own this stock to take advantage of the dividend, check whether its dividend yield is sufficient. Currently, Growthpoint has a dividend yield of 9.2%.
Open a trading position with your broker
A brokerage company is the gateway to the stock market. This applies to any financial market, including forex, crypto, and commodity markets.
In this case, remember to choose a brokerage company with access to the Johannesburg Stock Exchange (JSE). Only then can you trade the JSE: GRT.
Open an account with a South African broker to ensure that you can trade companies listed on the JSE, like Growthpoint Properties Limited.
If you still need to get a broker to trade with, make sure that your choice includes thoroughly checking its services. This ensures the brokerage service aligns with your trading objectives and investment goals.
Here are the key factors to consider when selecting a broker to trade with:
- Brokerage trading fees, commissions, and spread
- Fairness of deposit and withdrawal process
- Functionality of the offered trading platform
- Available customer support
- Registration with a financial regulatory body.
Monitor and chart the price movement before buying
Monitoring and charting the prevailing market movement ensures you know the potential market movement. To do this, you can use technical indicators like trendlines, oscillators, and market patterns to check the prevailing market trend, including its direction and momentum.
Proper monitoring and charting ensure attractive and profitable entry points. Remember, the core practice of profiting from online trading is buying the low and selling the high.
Monitoring and charting the market continues after you’ve placed your position. You must constantly analyze the technical indicators and the company’s fundamentals to ensure your investment is safe throughout its stay in the market.
Is Growthpoint Share Price a Buy or Sell?
While the Growthpoint share price presents an attractive investment opportunity today, entering it without enough knowledge could do more harm than good to your investment.
Always check the company development and JSE: GRT’s stock market performance to ensure you’re on the right side of the market. This includes predicting the market movement through news releases, market patterns, and technical indicators.
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