Slate Grocery REIT (TSE:SGR.UN) Reaches New 1-Year High – Still a Buy?

Slate Grocery REIT (TSE:SGR.UN) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$17.87 and last traded at C$17.81, with a volume of 56937 shares changing hands. The stock had previously closed at C$17.79.

Slate Grocery REIT Stock Performance

The firm has a fifty day moving average of C$17.30 and a 200-day moving average of C$16.30. 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 firm has a market cap of C$1.06 billion, a P/E ratio of 25.09 and a beta of 1.32.

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

Slate Grocery REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be paid a $0.072 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.9%. Slate Grocery REIT’s dividend payout ratio (DPR) is presently 121.70%.

About Slate Grocery REIT

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.