Slate Grocery REIT (TSE:SGR.UN) Sets New 12-Month High – Still a Buy?

Shares of Slate Grocery REIT (TSE:SGR.UN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$15.35 and last traded at C$15.32, with a volume of 20081 shares. The stock had previously closed at C$15.14.

Slate Grocery REIT Price Performance

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’s 50 day moving average price is C$14.99 and its two-hundred day moving average price is C$14.61. The firm has a market capitalization of C$905.30 million, a price-to-earnings ratio of 21.84 and a beta of 1.35.

Slate Grocery REIT (TSE:SGR.UN) last issued its earnings results on Wednesday, November 5th. The company reported C$0.14 EPS for the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%.The firm had revenue of C$74.23 million for the quarter. Analysts anticipate that Slate Grocery REIT will post 1.8853755 EPS for the current fiscal year.

Slate Grocery REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were given a dividend of $0.072 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Friday, October 31st. Slate Grocery REIT’s dividend payout ratio (DPR) is presently 123.24%.

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.