Slate Grocery REIT (TSE:SGR.UN) Shares Down 0.6% – What’s Next?

Slate Grocery REIT (TSE:SGR.UN)’s share price dropped 0.6% during mid-day trading on Wednesday . The stock traded as low as C$14.29 and last traded at C$14.38. Approximately 66,769 shares were traded during trading, a decline of 42% from the average daily volume of 114,592 shares. The stock had previously closed at C$14.47.

Slate Grocery REIT Trading Down 0.6 %

The company has a debt-to-equity ratio of 133.42, a quick ratio of 0.38 and a current ratio of 0.09. The firm’s fifty day simple moving average is C$13.85 and its 200-day simple moving average is C$13.68. The stock has a market cap of C$848.42 million, a P/E ratio of 18.92 and a beta of 1.66.

Slate Grocery REIT Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.072 per share. The ex-dividend date was Friday, January 31st. This represents a $0.86 annualized dividend and a yield of 6.01%. Slate Grocery REIT’s payout ratio is 153.95%.

About Slate Grocery REIT

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.