Free Trial

Slate Grocery REIT (TSE:SGR.UN) Shares Up 1.7% - What's Next?

Slate Grocery REIT logo with Real Estate background

Key Points

  • Slate Grocery REIT's shares increased by 1.7%, reaching C$14.74 during trading, with a significant trading volume of 124,714 shares.
  • The company announced a monthly dividend of $0.072 per share, resulting in a 5.9% dividend yield, despite having a high dividend payout ratio of 134.77%.
  • Slate Grocery REIT is focused on acquiring grocery-anchored retail properties in the United States and currently has a market capitalization of C$871.59 million.
  • MarketBeat previews top five stocks to own in November.

Slate Grocery REIT (TSE:SGR.UN - Get Free Report) shot up 1.7% during mid-day trading on Thursday . The stock traded as high as C$14.74 and last traded at C$14.74. 124,714 shares were traded during trading, an increase of 26% from the average session volume of 98,794 shares. The stock had previously closed at C$14.50.

Slate Grocery REIT Stock Down 0.5%

The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42. The stock's 50-day moving average price is C$14.33 and its 200-day moving average price is C$14.27. The company has a market cap of C$870.41 million, a P/E ratio of 22.96 and a beta of 1.45.

Slate Grocery REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were issued a dividend of $0.072 per share. The ex-dividend date was Thursday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.9%. Slate Grocery REIT's payout ratio is currently 134.77%.

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.

Featured Stories

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

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

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