Slate Grocery REIT (TSE:SGR.UN) Posts Earnings Results

Slate Grocery REIT (TSE:SGR.UN) released its quarterly earnings data on Thursday. The company reported C$0.19 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$84.28 million for the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%.

Slate Grocery REIT Stock Up 0.1%

Slate Grocery REIT stock traded up C$0.01 during trading on Thursday, hitting C$17.69. 74,589 shares of the company were exchanged, compared to its average volume of 221,661. The business’s 50 day moving average is C$16.60 and its 200 day moving average is C$16.43. Slate Grocery REIT has a 52 week low of C$9.36 and a 52 week high of C$18.00. The company has a market capitalization of C$1.05 billion, a P/E ratio of 24.92 and a beta of 0.76. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. TD downgraded shares of Slate Grocery REIT from a “hold” rating to a “sell” rating and boosted their target price for the stock from C$12.00 to C$13.00 in a research report on Wednesday, September 30th. ATB Cormark Capital Markets cut shares of Slate Grocery REIT from an “underperform” rating to a “tender” rating and raised their price target for the company from C$8.00 to C$13.00 in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Slate Grocery REIT has an average rating of “Sell” and a consensus target price of C$13.00.

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.