Slate Grocery REIT (TSE:SGR.UN) Hits New 52-Week Low – Should You Sell?

Slate Grocery REIT (TSE:SGR.UN) reached a new 52-week low on Thursday . The stock traded as low as C$11.27 and last traded at C$11.84, with a volume of 437515 shares traded. The stock had previously closed at C$15.26.

Slate Grocery REIT Trading Down 27.4%

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 stock has a market capitalization of C$656.63 million, a price-to-earnings ratio of 15.61 and a beta of 1.22. The business has a 50 day simple moving average of C$16.26 and a 200-day simple moving average of C$16.35.

Slate Grocery REIT (TSE:SGR.UN) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.23 EPS for the quarter. The company had revenue of C$82.31 million during the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. On average, equities analysts predict that Slate Grocery REIT will post 1.8853755 earnings per share for the current year.

Slate Grocery REIT Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were issued a $0.072 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Friday, July 31st. Slate Grocery REIT’s payout ratio is presently 121.73%.

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.