Slate Grocery REIT (OTCMKTS:SRRTF – Get Free Report) shares rose 0.5% during trading on Friday. The stock traded as high as $12.51 and last traded at $12.51. 22,645 shares were traded during trading, a decline of 43% from the average session volume of 40,056 shares. The stock had previously closed at $12.45.
Analyst Upgrades and Downgrades
SRRTF has been the topic of several recent research reports. Scotiabank restated a “sector perform” rating and set a $13.00 price target on shares of Slate Grocery REIT in a report on Tuesday, September 29th. TD Securities cut Slate Grocery REIT to a “sell” rating and set a $13.00 price objective for the company. in a research note on Tuesday, September 29th. Finally, Canadian Imperial Bank of Commerce set a $8.25 price objective on Slate Grocery REIT in a research note on Friday, September 25th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $11.42.
View Our Latest Analysis on SRRTF
Slate Grocery REIT Price Performance
The stock’s 50-day simple moving average is $11.61 and its 200 day simple moving average is $11.77.
Hedge Funds Weigh In On Slate Grocery REIT
An institutional investor recently bought a new stake in Slate Grocery REIT stock. Compass Financial Management LLC bought a new stake in Slate Grocery REIT (OTCMKTS:SRRTF – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,500 shares of the company’s stock, valued at approximately $80,000.
Slate Grocery REIT Company Profile
Slate Grocery REIT (OTCMKTS:SRRTF) is a real estate investment trust focused on owning and managing grocery-anchored shopping centers in the United States. Its properties are typically anchored by supermarkets and supported by tenants such as pharmacies, restaurants, service providers and other retailers that meet consumers’ everyday needs.
The REIT generates rental income by leasing space to grocery operators and other commercial tenants. Its portfolio strategy emphasizes well-located properties in established communities, with a focus on essential retail, convenient access and markets supported by stable consumer demand.
The trust was established as Slate Retail REIT and later adopted the Slate Grocery REIT name to reflect its grocery-focused investment strategy.
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