Slate Grocery REIT (TSE:SGR.UN) Trading Up 4.9% – Still a Buy?

Slate Grocery REIT (TSE:SGR.UN)’s share price rose 4.9% during trading on Wednesday . The company traded as high as C$13.49 and last traded at C$13.36. Approximately 177,410 shares changed hands during mid-day trading, an increase of 57% from the average daily volume of 113,066 shares. The stock had previously closed at C$12.74.

Slate Grocery REIT Price Performance

The company’s fifty day moving average is C$14.00 and its two-hundred day moving average is C$13.99. The company has a debt-to-equity ratio of 133.42, a quick ratio of 0.38 and a current ratio of 0.09. The firm has a market cap of C$776.44 million, a price-to-earnings ratio of 17.32 and a beta of 1.66.

Slate Grocery REIT Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a dividend of $0.072 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend was Friday, February 28th. Slate Grocery REIT’s dividend payout ratio is presently 153.95%.

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 approximately U.S. $1.3 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.