Slate Grocery REIT (TSE:SGR.UN) Trading Up 0.1% – Should You Buy?

Slate Grocery REIT (TSE:SGR.UN)’s stock price was up 0.1% during mid-day trading on Thursday . The stock traded as high as C$14.54 and last traded at C$14.49. Approximately 72,563 shares changed hands during trading, a decline of 32% from the average daily volume of 107,352 shares. The stock had previously closed at C$14.47.

Slate Grocery REIT Trading Up 0.1%

The company has a quick ratio of 0.38, a current ratio of 0.09 and a debt-to-equity ratio of 133.42. The company has a market cap of C$854.91 million, a P/E ratio of 19.07 and a beta of 1.66. The firm’s 50 day moving average is C$14.05 and its two-hundred day moving average is C$14.07.

Slate Grocery REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.072 per share. The ex-dividend date was Friday, February 28th. This represents a $0.86 dividend on an annualized basis and a yield of 5.96%. Slate Grocery REIT’s payout ratio is currently 153.95%.

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.