Slate Grocery REIT (TSE:SGR.UN) Reaches New 12-Month High – Should You Buy?

Slate Grocery REIT (TSE:SGR.UN) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$15.31 and last traded at C$15.25, with a volume of 260964 shares trading hands. The stock had previously closed at C$14.90.

Slate Grocery REIT Price Performance

The stock’s 50-day moving average is C$14.64 and its 200 day moving average is C$14.50. The company has a debt-to-equity ratio of 133.42, a current ratio of 0.09 and a quick ratio of 0.38. The company has a market cap of C$906.72 million, a PE ratio of 23.86 and a beta of 1.39.

Slate Grocery REIT (TSE:SGR.UN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.14 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$74.23 million for the quarter. On average, equities analysts anticipate 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 announced a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 17th will be paid a dividend of $0.072 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, October 31st. Slate Grocery REIT’s dividend payout ratio is presently 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.