Slate Grocery REIT (TSE:SGR.UN) Trading Down 2.5% – Here’s What Happened

Slate Grocery REIT (TSE:SGR.UN) shares were down 2.5% on Monday . The company traded as low as C$15.54 and last traded at C$15.58. Approximately 255,653 shares changed hands during mid-day trading, an increase of 129% from the average daily volume of 111,651 shares. The stock had previously closed at C$15.98.

Slate Grocery REIT Stock Performance

The business’s 50-day simple moving average is C$17.10 and its two-hundred day simple moving average is C$16.44. The firm has a market cap of C$923.32 million, a price-to-earnings ratio of 21.95 and a beta of 1.32. The company has a quick ratio of 0.38, a current ratio of 0.09 and a debt-to-equity ratio of 133.42.

Slate Grocery REIT (TSE:SGR.UN) last posted its earnings results on Thursday, August 6th. The company reported C$0.23 earnings per share (EPS) for the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. The business had revenue of C$82.31 million for the quarter. As a group, sell-side analysts expect that Slate Grocery REIT will post 1.8853755 earnings per share for the current fiscal year.

Slate Grocery REIT Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were given a dividend of $0.072 per share. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.5%. Slate Grocery REIT’s dividend payout ratio is currently 121.73%.

About Slate Grocery REIT

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.