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

Slate Grocery REIT (TSE:SGR.UNGet Free Report)’s stock price reached a new 52-week high on Friday . The stock traded as high as C$16.75 and last traded at C$16.63, with a volume of 96346 shares trading hands. The stock had previously closed at C$15.90.

Slate Grocery REIT Stock Performance

The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42. The stock has a market capitalization of C$997.99 million, a PE ratio of 23.72 and a beta of 1.29. The firm’s fifty day moving average price is C$15.74 and its two-hundred day moving average price is C$15.51.

Slate Grocery REIT Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a dividend of $0.072 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Thursday, April 30th. Slate Grocery REIT’s payout ratio is 121.70%.

Slate Grocery REIT Company Profile

(Get Free Report)

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.

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