Slate Grocery REIT (TSE:SGR.UN) Posts Earnings Results

Slate Grocery REIT (TSE:SGR.UN) announced its quarterly earnings data on Thursday. The company reported C$0.19 earnings per share for the quarter, reports. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. The firm had revenue of C$84.28 million during the quarter.

Slate Grocery REIT Stock Up 0.1%

Shares of Slate Grocery REIT stock opened at C$17.69 on Friday. The company has a debt-to-equity ratio of 133.42, a quick ratio of 0.38 and a current ratio of 0.09. Slate Grocery REIT has a 52-week low of C$9.36 and a 52-week high of C$18.00. The stock has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 24.92 and a beta of 0.76. The company’s 50 day moving average price is C$16.64 and its 200-day moving average price is C$16.44.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TD lowered shares of Slate Grocery REIT from a “hold” rating to a “sell” rating and increased their target price for the company from C$12.00 to C$13.00 in a report on Wednesday, September 30th. ATB Cormark Capital Markets downgraded shares of Slate Grocery REIT from an “underperform” rating to a “tender” rating and boosted their price target for the stock from C$8.00 to C$13.00 in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell” and an average target price of C$13.00.

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.