Slate Grocery REIT (TSE:SGR.UN) Shares Up 1.7% – Still a Buy?

Slate Grocery REIT (TSE:SGR.UN)’s stock price shot up 1.7% on Thursday . The company traded as high as C$14.74 and last traded at C$14.74. 124,714 shares were traded during trading, an increase of 26% from the average session volume of 98,794 shares. The stock had previously closed at C$14.50.

Slate Grocery REIT Trading Up 1.7%

The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42. The business’s 50-day moving average is C$14.31 and its two-hundred day moving average is C$14.26. The firm has a market cap of C$871.59 million, a P/E ratio of 22.99 and a beta of 1.45.

Slate Grocery REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were given a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, July 31st. Slate Grocery REIT’s dividend payout ratio is currently 134.77%.

Slate Grocery REIT Company Profile

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.