Slate Grocery REIT (TSE:SGR.UN) PT Lowered to C$9.50

Slate Grocery REIT (TSE:SGR.UN) had its price objective reduced by CIBC from C$9.75 to C$9.50 in a report issued on Thursday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

A number of other equities analysts also recently commented on SGR.UN. Raymond James decreased their price target on Slate Grocery REIT from C$10.00 to C$9.00 and set a market perform rating for the company in a research note on Wednesday, April 24th. Scotiabank cut their target price on shares of Slate Grocery REIT from C$9.50 to C$9.00 and set a sector perform rating on the stock in a report on Thursday.

Slate Grocery REIT Stock Down 1.3 %

TSE:SGR.UN opened at C$11.01 on Thursday. The company has a market capitalization of C$651.02 million, a price-to-earnings ratio of 32.38 and a beta of 1.64. Slate Grocery REIT has a one year low of C$9.56 and a one year high of C$13.75. The stock has a 50-day simple moving average of C$11.17 and a 200 day simple moving average of C$11.34. The company has a debt-to-equity ratio of 134.91, a quick ratio of 0.38 and a current ratio of 0.17.

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.