Slate Grocery REIT (TSE:SGR.UN) PT Lowered to C$9.50 at CIBC

Slate Grocery REIT (TSE:SGR.UN) had its price target lowered by research analysts at CIBC from C$9.75 to C$9.50 in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price target points to a potential downside of 14.41% from the company’s current price.

Other equities analysts have also issued research reports about the company. Raymond James decreased their target price on Slate Grocery REIT from C$10.00 to C$9.00 and set a “market perform” rating for the company in a research report on Wednesday, April 24th. Scotiabank cut their price objective on Slate Grocery REIT from C$9.50 to C$9.00 and set a “sector perform” rating for the company in a research note on Thursday.

Slate Grocery REIT Stock Performance

TSE:SGR.UN traded up C$0.05 during mid-day trading on Thursday, reaching C$11.10. The company’s stock had a trading volume of 41,400 shares, compared to its average volume of 96,462. Slate Grocery REIT has a 12-month low of C$9.56 and a 12-month high of C$13.75. The firm’s fifty day moving average price is C$11.20 and its two-hundred day moving average price is C$11.34. The company has a current ratio of 0.17, a quick ratio of 0.38 and a debt-to-equity ratio of 134.91. The stock has a market cap of C$656.34 million, a P/E ratio of 32.65 and a beta of 1.64.

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 approximately U.S. $1.3 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.