Slate Grocery REIT (TSE:SGR.UN) Sets New 52-Week High – Still a Buy?

Slate Grocery REIT (TSE:SGR.UN)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$17.32 and last traded at C$17.30, with a volume of 4306 shares. The stock had previously closed at C$17.26.

Slate Grocery REIT Price Performance

The business has a 50-day simple moving average of C$16.14 and a two-hundred day simple moving average of C$15.69. 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 capitalization of C$1.03 billion, a price-to-earnings ratio of 24.40 and a beta of 1.33.

Slate Grocery REIT Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a $0.072 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 5.0%. Slate Grocery REIT’s dividend payout ratio is 121.70%.

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.