Slate Grocery REIT (TSE:SGR.UN) Price Target Cut to C$9.00

Slate Grocery REIT (TSE:SGR.UN) had its target price decreased by investment analysts at Raymond James from C$10.00 to C$9.00 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James’ price objective would suggest a potential downside of 18.18% from the stock’s current price.

Slate Grocery REIT Trading Down 0.7 %

TSE SGR.UN traded down C$0.08 during trading on Wednesday, hitting C$11.00. 56,621 shares of the company’s stock traded hands, compared to its average volume of 97,955. The company has a debt-to-equity ratio of 134.91, a current ratio of 0.17 and a quick ratio of 0.38. The stock has a fifty day moving average of C$11.32 and a two-hundred day moving average of C$11.34. The firm has a market cap of C$650.43 million, a P/E ratio of 32.32 and a beta of 1.64. Slate Grocery REIT has a 12-month low of C$9.56 and a 12-month high of C$13.75.

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.