Slate Grocery REIT (TSE:SGR.UN) Hits New 12-Month High – Still a Buy?

Slate Grocery REIT (TSE:SGR.UN) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$16.49 and last traded at C$16.35, with a volume of 11533 shares changing hands. The stock had previously closed at C$16.42.

Slate Grocery REIT Stock Down 0.6%

The company has a market capitalization of C$971.32 million, a price-to-earnings ratio of 24.25 and a beta of 1.29. The business’s 50-day moving average is C$15.73 and its 200-day moving average is C$15.45. 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 posted its earnings results on Tuesday, February 10th. The company reported C$229.28 earnings per share (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 analysts predict that Slate Grocery REIT will post 1.8853755 earnings per share for the current year.

Slate Grocery REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be given a dividend of $0.072 per share. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 5.3%. Slate Grocery REIT’s payout ratio is currently 127.84%.

Slate Grocery REIT Company Profile

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.