Slate Grocery REIT (OTCMKTS:SRRTF – Get Free Report) shares were up 0.3% during mid-day trading on Wednesday . The company traded as high as $11.90 and last traded at $11.90. Approximately 38,983 shares were traded during mid-day trading, an increase of 150% from the average daily volume of 15,615 shares. The stock had previously closed at $11.8695.
Analyst Upgrades and Downgrades
Separately, Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $12.00 price objective on shares of Slate Grocery REIT in a report on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.00.
Check Out Our Latest Research Report on Slate Grocery REIT
Slate Grocery REIT Trading Up 0.3%
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Slate Grocery REIT stock. Compass Financial Management LLC acquired a new position in Slate Grocery REIT (OTCMKTS:SRRTF – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 6,500 shares of the company’s stock, valued at approximately $80,000.
Slate Grocery REIT Company Profile
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.
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