Slate Grocery REIT (TSE:SGR.UN) Reaches New 1-Year High – Here’s Why

Slate Grocery REIT (TSE:SGR.UN)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$14.88 and last traded at C$14.88, with a volume of 14680 shares changing hands. The stock had previously closed at C$14.76.

Analyst Ratings Changes

Separately, Raymond James increased their price target on shares of Slate Grocery REIT from C$9.00 to C$9.75 in a research report on Friday, September 6th.

Slate Grocery REIT Trading Up 1.7 %

The company has a debt-to-equity ratio of 133.42, a current ratio of 0.09 and a quick ratio of 0.38. The business’s fifty day simple moving average is C$13.99 and its 200 day simple moving average is C$12.53. The stock has a market cap of C$885 million, a price-to-earnings ratio of 19.70 and a beta of 1.66.

Slate Grocery REIT Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a $0.072 dividend. This represents a $0.86 annualized dividend and a dividend yield of 5.76%. The ex-dividend date was Thursday, October 31st. Slate Grocery REIT’s dividend payout ratio (DPR) is presently 153.95%.

About Slate Grocery REIT

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.3 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.