Slate Grocery REIT (TSE:SGR.UN) Shares Climb 63% – Should You Buy?

Slate Grocery REIT (TSE:SGR.UN) traded up 63% during trading on Monday. The stock traded as high as C$17.75 and last traded at C$17.52. Approximately 5,145,345 shares were traded during trading, an increase of 2,717% from the average session volume of 182,670 shares. The stock had previously closed at C$10.75.

Slate Grocery REIT Price Performance

The stock has a 50-day moving average of C$16.00 and a two-hundred day moving average of C$16.29. The firm has a market cap of C$1.04 billion, a price-to-earnings ratio of 24.68 and a beta of 1.22. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42.

Slate Grocery REIT (TSE:SGR.UN) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.23 earnings per share (EPS) for the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%.The firm had revenue of C$82.31 million for the quarter. On average, analysts anticipate that Slate Grocery REIT will post 1.8853755 EPS for the current year.

Slate Grocery REIT Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were issued a dividend of $0.0720 per share. The ex-dividend date was Friday, July 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.9%. Slate Grocery REIT’s payout ratio is currently 121.73%.

About Slate Grocery REIT

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.