Slate Grocery REIT (TSE:SGR.UN) Hits New 12-Month High – Here’s What Happened

Slate Grocery REIT (TSE:SGR.UN)’s stock price hit a new 52-week high on Monday . The company traded as high as C$15.43 and last traded at C$15.43, with a volume of 15054 shares. The stock had previously closed at C$15.27.

Slate Grocery REIT Price Performance

The business’s fifty day moving average is C$15.01 and its 200-day moving average is C$14.64. The company has a debt-to-equity ratio of 133.42, a current ratio of 0.09 and a quick ratio of 0.38. The firm has a market cap of C$920.35 million, a PE ratio of 22.15 and a beta of 1.43.

Slate Grocery REIT (TSE:SGR.UN) last released its earnings results on Wednesday, November 5th. The company reported C$0.14 earnings per share for the quarter. The firm had revenue of C$74.23 million for the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. On average, research analysts predict that Slate Grocery REIT will post 1.8853755 earnings per share for the current fiscal year.

Slate Grocery REIT Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were given a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, October 31st. Slate Grocery REIT’s dividend payout ratio is currently 123.24%.

Slate Grocery REIT Company Profile

Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company’s properties include Bloomingdale Plaza, Errol Plaza, Meres Town Center, Oak Hill Village, Salerno Village Square, and many more.