Slate Grocery REIT (TSE:SGR.UN) Trading 0.5% Higher – Should You Buy?

Slate Grocery REIT (TSE:SGR.UN) traded up 0.5% on Wednesday . The stock traded as high as C$14.11 and last traded at C$14.08. 58,689 shares traded hands during trading, a decline of 43% from the average session volume of 102,817 shares. The stock had previously closed at C$14.01.

Slate Grocery REIT Stock Down 0.4 %

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 company has a fifty day simple moving average of C$13.96 and a 200-day simple moving average of C$13.96. The firm has a market cap of C$824.23 million, a P/E ratio of 18.38 and a beta of 1.66.

Slate Grocery REIT Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a dividend of $0.072 per share. This represents a $0.86 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date was Friday, February 28th. Slate Grocery REIT’s payout ratio is 153.95%.

Slate Grocery REIT Company Profile

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.3 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.