Slate Grocery REIT (TSE:SGR.UN - Get Free Report) announced a monthly dividend on Thursday, October 31st, TickerTech reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.072 per share on Friday, November 15th. This represents a $0.86 annualized dividend and a yield of 6.26%. The ex-dividend date is Thursday, October 31st.
Slate Grocery REIT Stock Performance
Shares of TSE SGR.UN traded down C$0.14 during midday trading on Tuesday, reaching C$13.80. The company had a trading volume of 75,665 shares, compared to its average volume of 101,044. Slate Grocery REIT has a 1 year low of C$9.66 and a 1 year high of C$14.34. The business's 50-day simple moving average is C$13.54 and its 200 day simple moving average is C$12.09. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42. The stock has a market cap of C$814.20 million, a P/E ratio of 18.16 and a beta of 1.66.
Wall Street Analysts Forecast Growth
Separately, Raymond James raised their price objective on Slate Grocery REIT from C$9.00 to C$9.75 in a research note on Friday, September 6th.
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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.
Further Reading
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