Free Trial

Slate Grocery REIT (TSE:SGR.UN) Trading 0.6% Higher - Time to Buy?

Slate Grocery REIT logo with Real Estate background

Key Points

  • Slate Grocery REIT shares traded up 0.6%, with a recent trading price of C$14.26, illustrating a slight upward movement despite a 27% decline in trading volume.
  • The REIT announced a monthly dividend of $0.072 per share with a significant annualized yield of 6.1%, although its dividend payout ratio stands at an unusually high 153.95%.
  • With a market cap of C$842.52 million, the firm holds a debt-to-equity ratio of 133.42, indicating a heavily leveraged position in the commercial real estate sector.
  • Want stock alerts on Slate Grocery REIT? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Slate Grocery REIT (TSE:SGR.UN - Get Free Report) rose 0.6% during trading on Tuesday . The stock traded as high as C$14.33 and last traded at C$14.26. Approximately 70,472 shares were traded during trading, a decline of 27% from the average daily volume of 96,971 shares. The stock had previously closed at C$14.17.

Slate Grocery REIT Price Performance

The firm has a 50-day moving average of C$14.47 and a 200 day moving average of C$14.22. The company has a market capitalization of C$831.31 million, a PE ratio of 18.54 and a beta of 1.66. The company has a debt-to-equity ratio of 133.42, a current ratio of 0.09 and a quick ratio of 0.38.

Slate Grocery REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.072 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Thursday, July 31st. Slate Grocery REIT's dividend payout ratio is presently 153.95%.

About Slate Grocery REIT

(Get Free Report)

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.

Read More

Should You Invest $1,000 in Slate Grocery REIT Right Now?

Before you consider Slate Grocery REIT, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Slate Grocery REIT wasn't on the list.

While Slate Grocery REIT currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Quantum Boom: 3 Strong Picks with Lower Risk
3 Overlooked AI Stocks That Chipmakers Can’t Live Without
Palantir & AMD Earnings: Massive Options Setups Ahead

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines