Gregory Stevenson Sells 2,520 Shares of Slate Retail REIT (TSE:SRT.UN) Stock
Slate Retail REIT (TSE:SRT.UN) Senior Officer Gregory Stevenson sold 2,520 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of C$13.00, for a total value of C$32,760.00. Following the sale, the insider now directly owns 35,558 shares of the company’s stock, valued at approximately C$462,254.
Shares of SRT.UN stock opened at C$12.84 on Thursday. The stock has a fifty day moving average of C$12.93 and a 200 day moving average of C$12.75. Slate Retail REIT has a 52 week low of C$11.20 and a 52 week high of C$13.30. The firm has a market capitalization of $543.88 million and a price-to-earnings ratio of 166.75. The company has a quick ratio of 0.13, a current ratio of 0.17 and a debt-to-equity ratio of 201.81.
The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be paid a $0.0712 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend is Wednesday, October 30th. Slate Retail REIT’s payout ratio is 1,467.53%.
Slate Retail REIT Company Profile
Slate Retail REIT is a real estate investment trust focused on U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.4 billion of assets located across the top 50 U.S. metro markets that are visited regularly by consumers for their everyday needs. The REIT's conservative payout ratio, together with its diversified portfolio and quality tenant covenants, provides a strong basis to continue to grow unitholder distributions and the flexibility to capitalize on opportunities that drive value appreciation.
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