Slate Grocery REIT (OTCMKTS:SRRTF) Trading 0.3% Higher – What’s Next?

Slate Grocery REIT (OTCMKTS:SRRTF) rose 0.3% during trading on Wednesday . The company traded as high as $11.90 and last traded at $11.90. 38,983 shares were traded during trading, an increase of 150% from the average session volume of 15,615 shares. The stock had previously closed at $11.8695.

Analyst Upgrades and Downgrades

Separately, Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $12.00 price objective on shares of Slate Grocery REIT in a report on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Slate Grocery REIT Stock Up 0.8%

The company has a fifty day moving average price of $12.32 and a 200 day moving average price of $11.84.

Hedge Funds Weigh In On Slate Grocery REIT

A hedge fund recently bought a new stake in Slate Grocery REIT stock. Compass Financial Management LLC bought a new position in shares of Slate Grocery REIT (OTCMKTS:SRRTF) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,500 shares of the company’s stock, valued at approximately $80,000.

About Slate Grocery REIT

Slate Grocery REIT is a real estate investment trust that specializes in owning and operating grocery-anchored retail properties across the United States. The company focuses on net lease investments in everyday necessity properties, primarily grocery stores, pharmacies and other essential retailers that benefit from stable consumer demand and predictable cash flows.

The REIT’s portfolio is concentrated in single-tenant and small multi-tenant sites that are typically leased to investment-grade operators.