Slate Grocery REIT (TSE:SGR.UN) Reaches New 52-Week High – Time to Buy?

Slate Grocery REIT (TSE:SGR.UN)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$15.82 and last traded at C$15.79, with a volume of 7879 shares. The stock had previously closed at C$15.67.

Slate Grocery REIT Stock Up 0.7%

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 has a market cap of C$943.14 million, a price-to-earnings ratio of 22.75 and a beta of 1.43. The firm has a 50-day moving average price of C$15.15 and a two-hundred day moving average price of C$14.70.

Slate Grocery REIT (TSE:SGR.UN) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.14 earnings per share (EPS) for the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%.The firm had revenue of C$74.23 million during the quarter. On average, sell-side analysts forecast that Slate Grocery REIT will post 1.8853755 earnings per share for the current year.

Slate Grocery REIT Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were paid a dividend of $0.072 per share. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date was Friday, October 31st. Slate Grocery REIT’s dividend payout ratio (DPR) is currently 123.24%.

About Slate Grocery REIT

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.