Slate Grocery REIT (TSE:SGR.UN) Stock Price Down 0.1% - Here's Why

Shares of Slate Grocery REIT (TSE:SGR.UN - Get Free Report) were down 0.1% during trading on Friday . The company traded as low as C$14.35 and last traded at C$14.39. Approximately 80,951 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 100,916 shares. The stock had previously closed at C$14.40.

Slate Grocery REIT Price Performance

The firm has a market capitalization of C$849.01 million, a P/E ratio of 18.93 and a beta of 1.66. The stock's 50 day simple moving average is C$14.44 and its 200 day simple moving average is C$14.12. The company has a debt-to-equity ratio of 133.42, a quick ratio of 0.38 and a current ratio of 0.09.

Slate Grocery REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were issued a dividend of $0.072 per share. This represents a $0.86 annualized dividend and a yield of 6.00%. The ex-dividend date was Friday, May 30th. Slate Grocery REIT's payout ratio is 153.95%.

About Slate Grocery REIT

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.3 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.

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