Slate Grocery REIT (TSE:SGR.UN) Sets New 12-Month High – Still a Buy?

Slate Grocery REIT (TSE:SGR.UN) shares hit a new 52-week high during trading on Thursday . The stock traded as high as C$17.85 and last traded at C$17.80, with a volume of 3159 shares trading hands. The stock had previously closed at C$17.82.

Slate Grocery REIT Stock Down 0.8%

The company has a 50 day moving average price of C$16.87 and a two-hundred day moving average price of C$16.08. 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 stock has a market cap of C$1.05 billion, a PE ratio of 24.86 and a beta of 1.32.

Slate Grocery REIT (TSE:SGR.UN) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.33 EPS for the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%.The company had revenue of C$82.48 million for the quarter. Analysts expect that Slate Grocery REIT will post 1.8853755 EPS for the current year.

Slate Grocery REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be given a $0.072 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Slate Grocery REIT’s payout ratio is 121.70%.

About Slate Grocery REIT

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.