Slate Grocery REIT (TSE:SGR.UN) Trading Up 0.7% – What’s Next?

Slate Grocery REIT (TSE:SGR.UN)’s share price was up 0.7% during trading on Monday . The company traded as high as C$14.44 and last traded at C$14.40. Approximately 54,981 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 99,298 shares. The stock had previously closed at C$14.30.

Slate Grocery REIT Trading Up 0.7%

The company has a debt-to-equity ratio of 133.42, a current ratio of 0.09 and a quick ratio of 0.38. The stock has a market cap of C$849.60 million, a price-to-earnings ratio of 18.95 and a beta of 1.66. The company’s fifty day moving average price is C$14.57 and its 200-day moving average price is C$14.12.

Slate Grocery REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.072 per share. The ex-dividend date is Monday, June 30th. This represents a $0.86 annualized dividend and a dividend yield of 6.00%. Slate Grocery REIT’s dividend payout ratio (DPR) is currently 153.95%.

About Slate Grocery REIT

Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company’s properties include Bloomingdale Plaza, Errol Plaza, Meres Town Center, Oak Hill Village, Salerno Village Square, and many more.