Slate Grocery REIT (TSE:SGR.UN) Reaches New 12-Month High – Here’s What Happened

Slate Grocery REIT (TSE:SGR.UN) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$15.43 and last traded at C$15.43, with a volume of 15054 shares. The stock had previously closed at C$15.27.

Slate Grocery REIT Stock Performance

The company has a market cap of C$912.65 million, a P/E ratio of 21.97 and a beta of 1.43. The business has a 50 day moving average price of C$14.99 and a two-hundred day moving average price of C$14.62. 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 (TSE:SGR.UN) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.14 EPS for the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%.The business had revenue of C$74.23 million for the quarter. On average, sell-side analysts anticipate that Slate Grocery REIT will post 1.8853755 earnings per share for the current year.

Slate Grocery REIT Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were issued a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Friday, October 31st. Slate Grocery REIT’s dividend payout ratio is currently 123.24%.

Slate Grocery REIT Company Profile

Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company’s properties include Bloomingdale Plaza, Errol Plaza, Meres Town Center, Oak Hill Village, Salerno Village Square, and many more.