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

Shares of Slate Grocery REIT (TSE:SGR.UN) reached a new 52-week high on Friday . The company traded as high as C$17.65 and last traded at C$17.65, with a volume of 1297 shares traded. The stock had previously closed at C$17.36.

Slate Grocery REIT Stock Up 0.5%

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 company has a market cap of C$1.05 billion, a PE ratio of 24.92 and a beta of 1.33. The business’s 50 day moving average is C$16.76 and its 200-day moving average is C$16.00.

Slate Grocery REIT (TSE:SGR.UN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.33 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%. As a group, analysts predict that Slate Grocery REIT will post 1.8853755 EPS for the current year.

Slate Grocery REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a $0.072 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.9%. Slate Grocery REIT’s dividend payout ratio (DPR) is currently 121.70%.

Slate Grocery REIT Company Profile

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.