Slate Grocery REIT (TSE:SGR.UN) Reaches New 52-Week High – What’s Next?

Posted by William Tyler on Nov 25th, 2024

Slate Grocery REIT (TSE:SGR.UN – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$14.88 and last traded at C$14.88, with a volume of 14680 shares trading hands. The stock had previously closed at C$14.76.

Analyst Ratings Changes

Separately, Raymond James raised their price objective on shares of Slate Grocery REIT from C$9.00 to C$9.75 in a research report on Friday, September 6th.

Check Out Our Latest Stock Analysis on Slate Grocery REIT

Slate Grocery REIT Price Performance

The firm has a market cap of C$873.20 million, a price-to-earnings ratio of 19.42 and a beta of 1.66. The business has a 50 day simple moving average of C$13.95 and a 200-day simple moving average of C$12.47. The company has a debt-to-equity ratio of 133.42, a quick ratio of 0.38 and a current ratio of 0.09.

Slate Grocery REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a $0.072 dividend. This represents a $0.86 annualized dividend and a dividend yield of 5.84%. The ex-dividend date was Thursday, October 31st. Slate Grocery REIT’s dividend payout ratio (DPR) is currently 153.95%.

Slate Grocery REIT Company Profile

(Get Free Report)

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.