Grainger will benefit from rising mortgage rates as well as rising rents, Citigroup’s analysts have said.
The UK’s biggest residential landlord, with more than 9,000 properties, was a good share to buy, it told investors, adding that there would be an opportunity for Grainger to increase its market share as the amount of small private landlords in the build-to-rent sector was getting even smaller.
Investors were suitably convinced and the shares rose by 8.5p, or 2.9%, to 302.75p.
