Slate Grocery REIT (TSE:SGR.UN) Reaches New 1-Year High – Here’s What Happened

Shares of Slate Grocery REIT (TSE:SGR.UNGet Free Report) reached a new 52-week high on Thursday . The company traded as high as C$17.52 and last traded at C$17.49, with a volume of 18166 shares changing hands. The stock had previously closed at C$17.42.

Slate Grocery REIT Trading Down 0.1%

The firm has a market capitalization of C$1.03 billion, a P/E ratio of 24.51 and a beta of 1.33. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42. The stock has a 50 day simple moving average of C$16.61 and a 200-day simple moving average of C$15.89.

Slate Grocery REIT Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Thursday, April 30th. Slate Grocery REIT’s dividend payout ratio is currently 121.70%.

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 critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.

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