Slate Grocery REIT (TSE:SGR.UN – Get Rating) traded down 1% during trading on Thursday . The company traded as low as C$14.10 and last traded at C$14.17. 91,812 shares traded hands during trading, a decline of 54% from the average session volume of 200,069 shares. The stock had previously closed at C$14.32.
SGR.UN has been the topic of a number of analyst reports. Scotiabank cut their price objective on shares of Slate Grocery REIT from C$12.00 to C$11.75 in a research report on Thursday, May 12th. CIBC lifted their price objective on shares of Slate Grocery REIT from C$10.75 to C$12.00 and gave the stock a “neutral” rating in a research report on Friday, February 25th. Finally, BMO Capital Markets lifted their price objective on shares of Slate Grocery REIT from C$11.75 to C$12.25 in a research report on Monday, February 28th.
The company has a debt-to-equity ratio of 146.92, a quick ratio of 0.65 and a current ratio of 0.79. The firm’s 50 day moving average is C$15.00 and its 200-day moving average is C$15.13. The stock has a market capitalization of C$855.33 million and a price-to-earnings ratio of 14.55.
Slate Grocery REIT Company Profile (TSE:SGR.UN)
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.
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