Slate Grocery REIT (TSE:SGR.UN) Trading Down 1.3% – Should You Sell?

Slate Grocery REIT (TSE:SGR.UN) shares dropped 1.3% on Friday . The stock traded as low as C$14.91 and last traded at C$14.98. Approximately 282,481 shares traded hands during mid-day trading, an increase of 166% from the average daily volume of 106,074 shares. The stock had previously closed at C$15.17.

Slate Grocery REIT Trading Down 1.3%

The stock has a market capitalization of C$887.76 million, a P/E ratio of 22.16 and a beta of 1.32. The stock’s 50 day moving average price is C$15.70 and its 200-day moving average price is C$15.15. The company has a quick ratio of 0.38, a current ratio of 0.09 and a debt-to-equity ratio of 133.42.

Slate Grocery REIT (TSE:SGR.UN) last issued its quarterly earnings data on Tuesday, February 10th. The company reported C$229.28 EPS for the quarter. The company had revenue of C$71.79 million during the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. As a group, equities research analysts expect that Slate Grocery REIT will post 1.8853755 earnings per share for the current year.

Slate Grocery REIT Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 16th were given a $0.072 dividend. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Friday, February 27th. Slate Grocery REIT’s payout ratio is presently 127.84%.

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.