Slate Grocery REIT (TSE:SGR.UN) Reaches New 52-Week High – Should You Buy?

Posted by Mickey Rousseau on Nov 27th, 2024

Slate Grocery REIT (TSE:SGR.UN – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as C$14.88 and last traded at C$14.88, with a volume of 14680 shares changing hands. The stock had previously closed at C$14.76.

Analyst Ratings Changes

Separately, Raymond James boosted their price objective on shares of Slate Grocery REIT from C$9.00 to C$9.75 in a report on Friday, September 6th.

Read Our Latest Research Report on Slate Grocery REIT

Slate Grocery REIT Trading Up 1.7 %

The stock has a market cap of C$885 million, a PE ratio of 19.70 and a beta of 1.66. The company has a debt-to-equity ratio of 133.42, a quick ratio of 0.38 and a current ratio of 0.09. The business has a 50-day moving average of C$13.99 and a 200 day moving average of C$12.53.

Slate Grocery REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a dividend of $0.072 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend was Thursday, October 31st. Slate Grocery REIT’s dividend payout ratio is presently 153.95%.

Slate Grocery REIT Company Profile

(Get Free Report)

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.