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

Slate Grocery REIT (TSE:SGR.UN) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$15.35 and last traded at C$15.32, with a volume of 86175 shares trading hands. The stock had previously closed at C$15.16.

Slate Grocery REIT Stock Performance

The company has a debt-to-equity ratio of 133.42, a quick ratio of 0.38 and a current ratio of 0.09. The business’s 50-day moving average is C$14.76 and its 200-day moving average is C$14.55. The company has a market capitalization of C$904.70 million, a PE ratio of 21.82 and a beta of 1.39.

Slate Grocery REIT (TSE:SGR.UN) last announced its earnings results on Wednesday, November 5th. The company reported C$0.14 earnings per share for the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. The business had revenue of C$74.23 million during the quarter. On average, research analysts anticipate that Slate Grocery REIT will post 1.8853755 earnings per share for the current year.

Slate Grocery REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were issued a $0.072 dividend. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Friday, October 31st. Slate Grocery REIT’s payout ratio is 123.24%.

Slate Grocery REIT Company Profile

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.