Slate Grocery REIT (TSE:SGR.UN) Shares Down 0.8% – Here’s Why

Slate Grocery REIT (TSE:SGR.UN) traded down 0.8% on Tuesday . The company traded as low as C$13.52 and last traded at C$13.55. 134,465 shares traded hands during trading, an increase of 17% from the average session volume of 114,455 shares. The stock had previously closed at C$13.66.

Slate Grocery REIT Price Performance

The stock has a market capitalization of C$797.68 million, a price-to-earnings ratio of 17.79 and a beta of 1.66. The company’s 50-day simple moving average is C$14.16 and its 200-day simple moving average is C$13.20. The company has a debt-to-equity ratio of 133.42, a current ratio of 0.09 and a quick ratio of 0.38.

Slate Grocery REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a dividend of $0.072 per share. This represents a $0.86 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date was Thursday, October 31st. Slate Grocery REIT’s dividend payout ratio is 153.95%.

About Slate Grocery REIT

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.3 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.