Slate Grocery REIT (TSE:SGR.UN) Trading Up 4.9% - Should You Buy?

Slate Grocery REIT (TSE:SGR.UN - Get Free Report)'s share price was up 4.9% on Wednesday . The stock traded as high as C$13.49 and last traded at C$13.36. Approximately 177,410 shares traded hands during mid-day trading, an increase of 57% from the average daily volume of 113,066 shares. The stock had previously closed at C$12.74.

Slate Grocery REIT Stock Up 1.2 %

The stock has a 50-day moving average of C$13.98 and a 200-day moving average of C$13.99. The firm has a market cap of C$807.12 million, a price-to-earnings ratio of 18.00 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.

Slate Grocery REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a $0.072 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.86 dividend on an annualized basis and a yield of 6.32%. Slate Grocery REIT's dividend payout ratio (DPR) is presently 153.95%.

About Slate Grocery REIT

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.