Slate Grocery REIT (TSE:SGR.UN) Trading 1.2% Higher

Slate Grocery REIT (TSE:SGR.UNGet Rating)’s stock price rose 1.2% on Tuesday . The stock traded as high as C$15.69 and last traded at C$15.64. Approximately 72,680 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 150,324 shares. The stock had previously closed at C$15.45.

Analyst Ratings Changes

Several brokerages have commented on SGR.UN. Scotiabank decreased their price objective on shares of Slate Grocery REIT from C$11.75 to C$11.50 in a report on Monday, August 8th. Royal Bank of Canada increased their price target on shares of Slate Grocery REIT from C$11.50 to C$12.00 and gave the stock a “sector perform” rating in a research note on Friday, August 5th.

Slate Grocery REIT Stock Performance

The company has a 50 day moving average of C$14.15 and a two-hundred day moving average of C$14.36. The company has a debt-to-equity ratio of 127.15, a current ratio of 0.43 and a quick ratio of 0.38. The company has a market capitalization of C$939.84 million and a PE ratio of 5.88.

Slate Grocery REIT Company Profile

(Get Rating)

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.

Further Reading

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