Slate Grocery REIT (TSE:SGR.UN) Price Target Increased to C$9.75 by Analysts at Raymond James

Slate Grocery REIT (TSE:SGR.UN) had its target price upped by Raymond James from C$9.00 to C$9.75 in a report released on Friday morning, BayStreet.CA reports.

Slate Grocery REIT Price Performance

SGR.UN stock opened at C$12.75 on Friday. The stock has a market capitalization of C$752.25 million, a price-to-earnings ratio of 16.78 and a beta of 1.66. The firm’s 50-day moving average price is C$11.94 and its two-hundred day moving average price is C$11.42. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42. Slate Grocery REIT has a 12-month low of C$9.56 and a 12-month high of C$13.08.

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.