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

Slate Grocery REIT (TSE:SGR.UN)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$16.21 and last traded at C$16.18, with a volume of 123345 shares. The stock had previously closed at C$15.97.

Slate Grocery REIT Stock Performance

The company has a quick ratio of 0.38, a current ratio of 0.09 and a debt-to-equity ratio of 133.42. The firm’s 50-day simple moving average is C$15.60 and its 200 day simple moving average is C$15.28. The stock has a market capitalization of C$963.02 million, a P/E ratio of 24.04 and a beta of 1.19.

Slate Grocery REIT (TSE:SGR.UN) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$229.28 EPS for the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. The firm had revenue of C$71.79 million for the quarter. Equities research analysts anticipate that Slate Grocery REIT will post 1.8853755 EPS for the current fiscal year.

Slate Grocery REIT Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.072 per share. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date was Tuesday, March 31st. Slate Grocery REIT’s payout ratio is presently 127.84%.

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.