Slate Grocery REIT (TSE:SGR.UN) Reaches New 52-Week High – Time to Buy?

Shares of Slate Grocery REIT (TSE:SGR.UNGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as C$17.87 and last traded at C$17.81, with a volume of 56937 shares trading hands. The stock had previously closed at C$17.79.

Slate Grocery REIT Trading Down 1.1%

The stock has a 50-day moving average of C$17.37 and a 200 day moving average of C$16.33. The company has a quick ratio of 0.38, a current ratio of 0.09 and a debt-to-equity ratio of 133.42. The stock has a market cap of C$1.04 billion, a PE ratio of 24.69 and a beta of 1.32.

Slate Grocery REIT (TSE:SGR.UNGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.33 EPS for the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. The business had revenue of C$82.48 million during the quarter. As a group, sell-side analysts anticipate that Slate Grocery REIT will post 1.8853755 earnings per share for the current year.

Slate Grocery REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be given a dividend of $0.072 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, July 31st. Slate Grocery REIT’s dividend payout ratio (DPR) is currently 121.70%.

About Slate Grocery REIT

(Get Free Report)

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.

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