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

Slate Grocery REIT (TSE:SGR.UNGet Free Report) shares hit a new 52-week high on Monday . The stock traded as high as C$17.32 and last traded at C$17.30, with a volume of 4306 shares traded. The stock had previously closed at C$17.26.

Slate Grocery REIT Price Performance

The firm’s 50-day moving average is C$16.23 and its two-hundred day moving average is C$15.72. The company has a market cap of C$1.03 billion, a P/E ratio of 24.54 and a beta of 1.33. The company has a debt-to-equity ratio of 133.42, a current ratio of 0.09 and a quick ratio of 0.38.

Slate Grocery REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a $0.072 dividend. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date was Thursday, April 30th. Slate Grocery REIT’s payout ratio is currently 121.70%.

About Slate Grocery REIT

(Get Free Report)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.

Further Reading

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