CIBC Cuts Slate Grocery REIT (TSE:SGR.UN) Price Target to C$9.50

Slate Grocery REIT (TSE:SGR.UN) had its price target reduced by CIBC from C$9.75 to C$9.50 in a research note issued to investors on Thursday, BayStreet.CA reports. They currently have a neutral rating on the stock.

A number of other research analysts have also weighed in on SGR.UN. Raymond James decreased their target price on shares of Slate Grocery REIT from C$10.00 to C$9.00 and set a market perform rating on the stock in a research note on Wednesday, April 24th. Scotiabank reduced their price objective on Slate Grocery REIT from C$9.50 to C$9.00 and set a sector perform rating on the stock in a research report on Thursday.

Slate Grocery REIT Price Performance

Shares of TSE SGR.UN opened at C$11.01 on Thursday. The stock has a market capitalization of C$651.02 million, a price-to-earnings ratio of 32.38 and a beta of 1.64. Slate Grocery REIT has a 52 week low of C$9.56 and a 52 week high of C$13.75. The firm has a 50-day simple moving average of C$11.17 and a 200-day simple moving average of C$11.35. The company has a quick ratio of 0.38, a current ratio of 0.17 and a debt-to-equity ratio of 134.91.

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.