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

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

Slate Grocery REIT Trading Up 0.5 %

The firm has a market cap of C$830.72 million, a PE ratio of 18.53 and a beta of 1.66. The company has a 50-day simple moving average of C$13.95 and a 200 day simple moving average of C$13.96. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were paid a $0.072 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.86 annualized dividend and a dividend yield of 6.14%. Slate Grocery REIT’s dividend payout ratio is presently 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.