Slate Grocery REIT (TSE:SGR.UN) Hits New 1-Year High – Should You Buy?

Posted by Faye Duncan on Nov 22nd, 2024

Slate Grocery REIT (TSE:SGR.UN – Get Free Report)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$14.45 and last traded at C$14.40, with a volume of 64596 shares trading hands. The stock had previously closed at C$14.17.

Analyst Upgrades and Downgrades

Separately, Raymond James increased 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 SGR.UN

Slate Grocery REIT Price Performance

The stock’s fifty day moving average price is C$13.92 and its 200-day moving average price is C$12.41. The firm has a market cap of C$864.35 million, a price-to-earnings ratio of 19.25 and a beta of 1.66. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42.

Slate Grocery REIT Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a dividend of $0.072 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.90%. Slate Grocery REIT’s dividend payout ratio is currently 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.