Slate Grocery REIT (TSE:SGR.UN) PT Lowered to C$9.00 at Raymond James

Slate Grocery REIT (TSE:SGR.UN) had its price target reduced by Raymond James from C$10.00 to C$9.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.

Slate Grocery REIT Stock Performance

Shares of SGR.UN opened at C$10.93 on Wednesday. The company has a debt-to-equity ratio of 134.91, a current ratio of 0.17 and a quick ratio of 0.38. Slate Grocery REIT has a 12-month low of C$9.56 and a 12-month high of C$13.75. The business’s fifty day moving average price is C$11.30 and its 200 day moving average price is C$11.34. The stock has a market capitalization of C$646.29 million, a PE ratio of 32.15 and a beta of 1.64.

Slate Grocery REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 15th were given a dividend of $0.072 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.90%. The ex-dividend date was Tuesday, January 30th. Slate Grocery REIT’s dividend payout ratio is presently 344.12%.

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.