Slate Grocery REIT (OTCMKTS:SRRTF) Stock Price Down 1% – Here’s Why

Slate Grocery REIT (OTCMKTS:SRRTFGet Free Report) was down 1% during mid-day trading on Friday . The stock traded as low as $10.5895 and last traded at $10.5895. Approximately 46,305 shares changed hands during trading, an increase of 158% from the average session volume of 17,948 shares. The stock had previously closed at $10.6980.

Wall Street Analysts Forecast Growth

Separately, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $12.00 target price on shares of Slate Grocery REIT in a research report on Monday, August 10th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.00.

Check Out Our Latest Research Report on SRRTF

Slate Grocery REIT Trading Down 1.0%

The company has a 50-day moving average price of $11.75 and a 200-day moving average price of $11.78.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Slate Grocery REIT stock. Compass Financial Management LLC acquired a new stake in Slate Grocery REIT (OTCMKTS:SRRTFFree Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,500 shares of the company’s stock, valued at approximately $80,000.

Slate Grocery REIT Company Profile

(Get Free Report)

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.

Further Reading

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