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

Shares of Slate Grocery REIT (TSE:SGR.UN) reached a new 52-week high during trading on Friday . The company traded as high as C$17.65 and last traded at C$17.65, with a volume of 1297 shares traded. The stock had previously closed at C$17.36.

Slate Grocery REIT Stock Up 0.5%

The firm has a market cap of C$1.05 billion, a price-to-earnings ratio of 24.92 and a beta of 1.33. The business has a fifty day simple moving average of C$16.76 and a 200 day simple moving average of C$16.00. The company has a debt-to-equity ratio of 133.42, a current ratio of 0.09 and a quick ratio of 0.38.

Slate Grocery REIT (TSE:SGR.UN) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.33 earnings per share 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$82.48 million for the quarter. As a group, equities analysts forecast that Slate Grocery REIT will post 1.8853755 EPS for the current fiscal year.

Slate Grocery REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be given a dividend of $0.072 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date is Tuesday, June 30th. Slate Grocery REIT’s dividend payout ratio (DPR) is presently 121.70%.

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.