Slate Grocery REIT (TSE:SGR.UN) Reaches New 12-Month High – Here’s What Happened

Shares of Slate Grocery REIT (TSE:SGR.UN) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$15.35 and last traded at C$15.32, with a volume of 20081 shares trading hands. The stock had previously closed at C$15.14.

Slate Grocery REIT Price Performance

The company has a fifty day simple moving average of C$14.97 and a two-hundred day simple moving average of C$14.60. The stock has a market capitalization of C$902.34 million, a price-to-earnings ratio of 21.77 and a beta of 1.35. The company has a debt-to-equity ratio of 133.42, a quick ratio of 0.38 and a current ratio of 0.09.

Slate Grocery REIT (TSE:SGR.UN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.14 EPS for the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%.The company had revenue of C$74.23 million for the quarter. As a group, equities research analysts expect that Slate Grocery REIT will post 1.8853755 earnings per share for the current fiscal year.

Slate Grocery REIT Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were given a $0.072 dividend. The ex-dividend date was Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 5.7%. Slate Grocery REIT’s payout ratio is presently 123.24%.

Slate Grocery REIT Company Profile

Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company’s properties include Bloomingdale Plaza, Errol Plaza, Meres Town Center, Oak Hill Village, Salerno Village Square, and many more.