Slate Grocery REIT (TSE:SGR.UN) Sets New 1-Year High – Still a Buy?

Slate Grocery REIT (TSE:SGR.UN) reached a new 52-week high during trading on Thursday . The stock traded as high as C$15.20 and last traded at C$15.20, with a volume of 38872 shares. The stock had previously closed at C$15.07.

Slate Grocery REIT Stock Down 0.2%

The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42. The company has a market cap of C$899.97 million, a price-to-earnings ratio of 23.74 and a beta of 1.42. The firm’s fifty day simple moving average is C$14.51 and its 200 day simple moving average is C$14.38.

Slate Grocery REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.072 per share. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date is Friday, October 31st. Slate Grocery REIT’s payout ratio is 134.77%.

Slate Grocery REIT Company Profile

Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company’s properties include Bloomingdale Plaza, Errol Plaza, Meres Town Center, Oak Hill Village, Salerno Village Square, and many more.