Slate Grocery REIT (TSE:SGR.UN) Hits New 52-Week High – Here’s What Happened

Slate Grocery REIT (TSE:SGR.UN) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$17.87 and last traded at C$17.81, with a volume of 56937 shares traded. The stock had previously closed at C$17.79.

Slate Grocery REIT Trading Up 0.1%

The business’s fifty day simple moving average is C$17.30 and its 200 day simple moving average is C$16.30. 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$1.06 billion, a P/E ratio of 25.09 and a beta of 1.32.

Slate Grocery REIT (TSE:SGR.UN) last announced its earnings results on Tuesday, May 12th. The company reported C$0.33 earnings per share for the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. The company had revenue of C$82.48 million during the quarter. As a group, analysts expect that Slate Grocery REIT will post 1.8853755 EPS for the current year.

Slate Grocery REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be given a $0.072 dividend. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, July 31st. Slate Grocery REIT’s payout ratio is 121.70%.

Slate Grocery REIT Company Profile

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.