Slate Grocery REIT (TSE:SGR.UN - Get Free Report)'s share price dropped 0.3% during trading on Monday . The stock traded as low as C$14.53 and last traded at C$14.58. Approximately 50,525 shares were traded during trading, a decline of 49% from the average daily volume of 98,752 shares. The stock had previously closed at C$14.63.
Analyst Upgrades and Downgrades
Separately, Raymond James lifted their price objective on shares of Slate Grocery REIT from C$9.00 to C$9.75 in a research report on Friday, September 6th.
Get Our Latest Analysis on SGR.UN
Slate Grocery REIT Price Performance
The stock has a market capitalization of C$848.42 million, a PE ratio of 18.92 and a beta of 1.66. The company has a debt-to-equity ratio of 133.42, a current ratio of 0.09 and a quick ratio of 0.38. The firm's 50 day simple moving average is C$14.20 and its 200 day simple moving average is C$12.92.
Slate Grocery REIT Announces Dividend
The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were issued a dividend of $0.072 per share. This represents a $0.86 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend was Thursday, October 31st. Slate Grocery REIT's dividend payout ratio is presently 153.95%.
About Slate Grocery REIT
(
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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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