Slate Grocery REIT (TSE:SGR.UN) Hits New 12-Month High – Here’s Why

Shares of Slate Grocery REIT (TSE:SGR.UN) 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.

Wall Street Analyst Weigh In

Separately, Raymond James upped their price objective on Slate Grocery REIT from C$9.00 to C$9.75 in a research note on Friday, September 6th.

Slate Grocery REIT Stock Up 0.3 %

The stock has a market cap of C$873.20 million, a P/E ratio of 19.42 and a beta of 1.66. The company has a debt-to-equity ratio of 133.42, a quick ratio of 0.38 and a current ratio of 0.09. The firm’s 50-day moving average is C$13.95 and its two-hundred day moving average is C$12.47.

Slate Grocery REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a dividend of $0.072 per share. This represents a $0.86 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend was Thursday, October 31st. Slate Grocery REIT’s dividend payout ratio is 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.