Slate Grocery REIT (TSE:SGR.UN) Sets New 52-Week High – Here’s Why

Shares of Slate Grocery REIT (TSE:SGR.UN) hit a new 52-week high during trading on Thursday . The stock traded as high as C$15.99 and last traded at C$15.99, with a volume of 11529 shares. The stock had previously closed at C$15.83.

Slate Grocery REIT Price Performance

The company’s fifty day moving average price is C$15.22 and its two-hundred day moving average price is C$14.74. 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$938.41 million, a price-to-earnings ratio of 22.64 and a beta of 1.43.

Slate Grocery REIT (TSE:SGR.UN) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.14 earnings per share (EPS) for the quarter. The firm had revenue of C$74.23 million for the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%. On average, equities research analysts forecast that Slate Grocery REIT will post 1.8853755 EPS for the current fiscal year.

Slate Grocery REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were given a $0.072 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Friday, October 31st. Slate Grocery REIT’s payout ratio is currently 123.24%.

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.