Slate Grocery REIT (TSE:SGR.UN) Given New C$9.00 Price Target at Raymond James

Slate Grocery REIT (TSE:SGR.UN) had its price target decreased by Raymond James from C$10.00 to C$9.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.

Slate Grocery REIT Stock Up 0.9 %

SGR.UN stock opened at C$11.04 on Wednesday. Slate Grocery REIT has a one year low of C$9.56 and a one year high of C$13.75. The stock has a market capitalization of C$652.80 million, a PE ratio of 32.47 and a beta of 1.64. The company has a debt-to-equity ratio of 134.91, a quick ratio of 0.38 and a current ratio of 0.17. The company has a fifty day moving average of C$11.26 and a 200-day moving average of C$11.34.

Slate Grocery REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 15th were paid a $0.072 dividend. This represents a $0.86 annualized dividend and a dividend yield of 7.83%. The ex-dividend date was Tuesday, January 30th. Slate Grocery REIT’s dividend payout ratio (DPR) is 344.12%.

About Slate Grocery REIT

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.3 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.