Slate Grocery REIT (TSE:SGR.UN) Trading Down 1.3% – Here’s What Happened

Slate Grocery REIT (TSE:SGR.UN) was down 1.3% on Friday . The company traded as low as C$14.91 and last traded at C$14.98. Approximately 282,481 shares traded hands during mid-day trading, an increase of 166% from the average daily volume of 106,074 shares. The stock had previously closed at C$15.17.

Slate Grocery REIT Price Performance

The firm has a fifty day moving average of C$15.70 and a two-hundred day moving average of C$15.16. 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 has a market capitalization of C$885.78 million, a PE ratio of 22.16 and a beta of 1.32.

Slate Grocery REIT (TSE:SGR.UN) last announced its quarterly earnings results on Tuesday, February 10th. The company reported C$229.28 EPS for the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%.The business had revenue of C$71.79 million for the quarter. Research analysts anticipate that Slate Grocery REIT will post 1.8853755 EPS for the current fiscal year.

Slate Grocery REIT Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were issued a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Friday, February 27th. Slate Grocery REIT’s payout ratio is currently 127.84%.

Slate Grocery REIT Company Profile

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.