Slate Grocery REIT (TSE:SGR.UN) Hits New 52-Week High – Should You Buy?

Slate Grocery REIT (TSE:SGR.UN) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$15.82 and last traded at C$15.79, with a volume of 7879 shares trading hands. The stock had previously closed at C$15.67.

Slate Grocery REIT Stock Performance

The company has a market capitalization of C$942.28 million, a P/E ratio of 22.68 and a beta of 1.43. 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 company’s fifty day moving average is C$15.11 and its 200 day moving average is C$14.68.

Slate Grocery REIT (TSE:SGR.UN) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.14 earnings per share (EPS) for the quarter. The company 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%. As a group, equities analysts anticipate that Slate Grocery REIT will post 1.8853755 earnings per share for the current year.

Slate Grocery REIT Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were issued 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 dividend payout ratio is presently 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.