Shares of Slate Grocery REIT (TSE:SGR.UN – Get 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
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.
- Is the 60/40 Portfolio Mix Still in Vogue?
- Microsoft Shares: Is it Time to Back Up the Truck?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Three CBD Stocks to Dominate a Budding Industry
- Institutional Support for Analog Devices Remains High
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.