Slate Grocery REIT (OTCMKTS:SRRTF – Get Free Report) shares rose 0.3% on Friday. The stock traded as high as $12.48 and last traded at $12.48. 12,000 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 40,468 shares. The stock had previously closed at $12.44.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on SRRTF. Scotiabank reiterated a “sector perform” rating and set a $13.00 price objective on shares of Slate Grocery REIT in a research note on Tuesday, September 29th. Canadian Imperial Bank of Commerce set a $8.25 price objective on shares of Slate Grocery REIT in a research note on Friday, September 25th. Finally, TD Securities lowered Slate Grocery REIT to a “sell” rating and set a $13.00 target price for the company. in a report on Tuesday, September 29th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $11.42.
Check Out Our Latest Report on Slate Grocery REIT
Slate Grocery REIT Stock Up 0.3%
Hedge Funds Weigh In On Slate Grocery REIT
An institutional investor recently bought a new position in Slate Grocery REIT stock. Compass Financial Management LLC bought a new stake in shares of Slate Grocery REIT (OTCMKTS:SRRTF – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,500 shares of the company’s stock, valued at approximately $80,000.
Slate Grocery REIT Company Profile
Slate Grocery REIT is a Canadian real estate investment trust focused on owning and operating grocery-anchored and necessity-based retail properties in the United States. Its properties are designed to serve everyday consumer needs and are generally anchored by supermarket operators, which can help support regular customer traffic.
The REIT’s portfolio includes shopping centers and other retail properties leased to grocery stores, pharmacies, restaurants, service providers and other complementary tenants.
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