Slate Grocery REIT (TSE:SGR.UN) Trading Down 2.5% – Here’s What Happened

Shares of Slate Grocery REIT (TSE:SGR.UN – Get Free Report) dropped 2.5% during mid-day trading on Monday . The stock traded as low as C$15.54 and last traded at C$15.58. Approximately 255,653 shares changed hands during mid-day trading, an increase of 129% from the average daily volume of 111,651 shares. The stock had previously closed at C$15.98.

Slate Grocery REIT Stock Down 2.5%

The stock has a market cap of C$923.32 million, a PE ratio of 21.95 and a beta of 1.32. The business has a 50 day moving average price of C$17.10 and a 200 day moving average price of C$16.44. The company has a quick ratio of 0.38, a current ratio of 0.09 and a debt-to-equity ratio of 133.42.

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Slate Grocery REIT (TSE:SGR.UN – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.23 earnings per share for the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%.The company had revenue of C$82.31 million during the quarter. Equities research analysts expect that Slate Grocery REIT will post 1.8853755 EPS for the current fiscal year.

Slate Grocery REIT Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were paid a dividend of $0.072 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. Slate Grocery REIT’s dividend payout ratio (DPR) is presently 121.73%.

About Slate Grocery REIT

(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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