Slate Grocery REIT (TSE:SGR.UN) Sets New 52-Week High – Still a Buy?

Slate Grocery REIT (TSE:SGR.UNGet Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as C$17.20 and last traded at C$16.93, with a volume of 130687 shares traded. The stock had previously closed at C$16.83.

Slate Grocery REIT Stock Up 0.6%

The stock has a market cap of C$1.00 billion, a P/E ratio of 23.85 and a beta of 1.29. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42. The firm’s fifty day moving average is C$15.87 and its 200 day moving average is C$15.58.

Slate Grocery REIT Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were issued a $0.072 dividend. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date was Thursday, April 30th. Slate Grocery REIT’s dividend payout ratio (DPR) is 121.70%.

About Slate Grocery REIT

(Get Free Report)

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.

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