Slate Grocery REIT (TSE:SGR.UN) Reaches New 12-Month High – Should You Buy?

Slate Grocery REIT (TSE:SGR.UN)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$15.31 and last traded at C$15.25, with a volume of 260964 shares traded. The stock had previously closed at C$14.90.

Slate Grocery REIT Stock Up 2.7%

The firm’s fifty day simple moving average is C$14.64 and its 200 day simple moving average is C$14.50. The company has a market cap of C$906.72 million, a price-to-earnings ratio of 23.86 and a beta of 1.39. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42.

Slate Grocery REIT (TSE:SGR.UN) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.14 earnings per share (EPS) for the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. The company had revenue of C$74.23 million during the quarter. Sell-side analysts predict that Slate Grocery REIT will post 1.8853755 earnings per share for the current year.

Slate Grocery REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 17th will be issued a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Friday, October 31st. Slate Grocery REIT’s dividend payout ratio is currently 134.77%.

About Slate Grocery REIT

Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company’s properties include Bloomingdale Plaza, Errol Plaza, Meres Town Center, Oak Hill Village, Salerno Village Square, and many more.