Slate Grocery REIT (TSE:SGR.UN) Hits New 52-Week High – Should You Buy?

Slate Grocery REIT (TSE:SGR.UN) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$17.20 and last traded at C$16.93, with a volume of 130687 shares. The stock had previously closed at C$16.83.

Slate Grocery REIT Stock Up 0.3%

The company has a quick ratio of 0.38, a current ratio of 0.09 and a debt-to-equity ratio of 133.42. The stock has a market cap of C$1.02 billion, a PE ratio of 24.16 and a beta of 1.29. The business has a 50 day moving average price of C$15.93 and a 200 day moving average price of C$15.60.

Slate Grocery REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were paid a $0.072 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. Slate Grocery REIT’s dividend payout ratio is presently 121.70%.

Slate Grocery REIT Company Profile

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