Slate Grocery REIT (TSE:SGR.UN) Hits New 1-Year High – Should You Buy?

Slate Grocery REIT (TSE:SGR.UN)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$17.85 and last traded at C$17.80, with a volume of 3159 shares traded. The stock had previously closed at C$17.82.

Slate Grocery REIT Stock Up 0.2%

The company has a quick ratio of 0.38, a current ratio of 0.09 and a debt-to-equity ratio of 133.42. The company has a market capitalization of C$1.05 billion, a PE ratio of 24.89 and a beta of 1.32. The company’s 50 day moving average is C$16.93 and its two-hundred day moving average is C$16.10.

Slate Grocery REIT (TSE:SGR.UN) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.33 EPS for the quarter. The business had revenue of C$82.48 million during the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. On average, analysts anticipate that Slate Grocery REIT will post 1.8853755 earnings per share for the current year.

Slate Grocery REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be paid a dividend of $0.072 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.9%. Slate Grocery REIT’s dividend payout ratio is presently 121.70%.

Slate Grocery REIT Company Profile

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.