Slate Grocery REIT (OTCMKTS:SRRTF) Stock Price Up 0.3% – Should You Buy?

Slate Grocery REIT (OTCMKTS:SRRTF) shares rose 0.3% during mid-day trading on Wednesday . The company traded as high as $11.90 and last traded at $11.90. 38,983 shares were traded during trading, an increase of 150% from the average daily volume of 15,615 shares. The stock had previously closed at $11.8695.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $12.00 price target on shares of Slate Grocery REIT in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.00.

Slate Grocery REIT Trading Up 0.3%

The firm has a 50-day simple moving average of $12.32 and a two-hundred day simple moving average of $11.84.

Institutional Trading of Slate Grocery REIT

A hedge fund recently bought a new stake in Slate Grocery REIT stock. Compass Financial Management LLC acquired a new position in shares of Slate Grocery REIT (OTCMKTS:SRRTF) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,500 shares of the company’s stock, valued at approximately $80,000.

About Slate Grocery REIT

Slate Grocery REIT is a real estate investment trust that specializes in owning and operating grocery-anchored retail properties across the United States. The company focuses on net lease investments in everyday necessity properties, primarily grocery stores, pharmacies and other essential retailers that benefit from stable consumer demand and predictable cash flows.

The REIT’s portfolio is concentrated in single-tenant and small multi-tenant sites that are typically leased to investment-grade operators.