Slate Grocery REIT (TSE:SGR.UN) Trading Up 0.3% – Still a Buy?

Slate Grocery REIT (TSE:SGR.UN) shot up 0.3% on Monday . The stock traded as high as C$15.00 and last traded at C$14.99. Approximately 124,189 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 117,192 shares. The stock had previously closed at C$14.94.

Slate Grocery REIT Trading Up 0.6%

The company has a market cap of C$904.35 million, a price-to-earnings ratio of 21.50 and a beta of 1.22. The company has a debt-to-equity ratio of 133.42, a current ratio of 0.09 and a quick ratio of 0.38. The firm’s fifty day moving average price is C$16.30 and its 200-day moving average price is C$16.35.

Slate Grocery REIT (TSE:SGR.UN) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.23 earnings per share for the quarter. The firm had revenue of C$82.31 million for the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. On average, equities analysts expect that Slate Grocery REIT will post 1.8853755 EPS for the current fiscal year.

Slate Grocery REIT Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were given a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Friday, July 31st. Slate Grocery REIT’s payout ratio is 121.73%.

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.