Slate Grocery REIT (TSE:SGR.UN – Get Rating)’s stock price shot up 1.2% on Tuesday . The stock traded as high as C$15.69 and last traded at C$15.64. 72,680 shares traded hands during trading, a decline of 52% from the average session volume of 150,324 shares. The stock had previously closed at C$15.45.
Wall Street Analyst Weigh In
SGR.UN has been the subject of a number of recent analyst reports. Scotiabank lowered their price target on shares of Slate Grocery REIT from C$11.75 to C$11.50 in a report on Monday, August 8th. Royal Bank of Canada lifted their target price on Slate Grocery REIT from C$11.50 to C$12.00 and gave the stock a “sector perform” rating in a research report on Friday, August 5th.
Slate Grocery REIT Trading Up 1.2 %
The firm has a 50-day moving average of C$14.09 and a 200 day moving average of C$14.35. The company has a current ratio of 0.43, a quick ratio of 0.38 and a debt-to-equity ratio of 127.15. The stock has a market capitalization of C$944.06 million and a price-to-earnings ratio of 5.90.
About Slate Grocery REIT
Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.3 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.
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