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

Key Points

• New 52‑week high: Shares reached C$16.21 (last C$16.18) on volume 123,345, valuing the company at about C$957.7M with a beta of 1.19.
• Profitability but stretched balance sheet: The REIT reported quarterly EPS of C$229.28 and revenue of C$71.79M with a 16.3% net margin, while debt‑to‑equity is high at 133.42 and liquidity is very low (current ratio 0.09, quick ratio 0.38).
• High dividend yield but potentially unsustainable: A monthly C$0.072 dividend (ex‑dividend Mar 31, payable Apr 15) implies a 5.3% yield, yet the payout ratio is 127.84%.

Shares of Slate Grocery REIT (TSE:SGR.UN - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$16.21 and last traded at C$16.18, with a volume of 123345 shares. The stock had previously closed at C$15.97.

Slate Grocery REIT Stock Up 1.2%

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 50-day moving average price is C$15.58 and its 200 day moving average price is C$15.26. The firm has a market cap of C$957.69 million, a P/E ratio of 23.91 and a beta of 1.19.

Slate Grocery REIT (TSE:SGR.UN - Get Free Report) last issued its earnings results on Tuesday, February 10th. The company reported C$229.28 earnings per share (EPS) for the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. The firm had revenue of C$71.79 million for the quarter. On average, equities research analysts expect that Slate Grocery REIT will post 1.8853755 earnings per share for the current fiscal year.

Slate Grocery REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be given a $0.072 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) annualized dividend and a yield of 5.3%. Slate Grocery REIT's payout ratio is 127.84%.

About Slate Grocery REIT

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.

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