Slate Grocery REIT (TSE:SGR.UN) PT Lowered to C$9.00

Slate Grocery REIT (TSE:SGR.UN) had its price target decreased by stock analysts at Raymond James from C$10.00 to C$9.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James’ target price would indicate a potential downside of 17.73% from the company’s previous close.

Slate Grocery REIT Stock Up 0.1 %

Shares of TSE SGR.UN opened at C$10.94 on Wednesday. The company has a current ratio of 0.17, a quick ratio of 0.38 and a debt-to-equity ratio of 134.91. Slate Grocery REIT has a 12 month low of C$9.56 and a 12 month high of C$13.75. The firm has a market capitalization of C$646.88 million, a PE ratio of 32.18 and a beta of 1.64. The firm has a fifty day simple moving average of C$11.28 and a two-hundred day simple moving average of C$11.34.

About Slate Grocery REIT

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.