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

Shares of Slate Grocery REIT (TSE:SGR.UNGet Rating) shot up 1.2% during trading on Tuesday . The company traded as high as C$15.69 and last traded at C$15.64. 72,680 shares were traded during mid-day trading, a decline of 52% from the average session volume of 150,324 shares. The stock had previously closed at C$15.45.

Analyst Upgrades and Downgrades

SGR.UN has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of Slate Grocery REIT from C$11.50 to C$12.00 and gave the company a “sector perform” rating in a research report on Friday, August 5th. Scotiabank decreased their price target on shares of Slate Grocery REIT from C$11.75 to C$11.50 in a research note on Monday, August 8th.

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

Receive News & Ratings for Slate Grocery REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Slate Grocery REIT and related companies with MarketBeat.com's FREE daily email newsletter.