Slate Grocery REIT (TSE:SGR.UN) Stock Price Down 1.4% - Here's What Happened

Key Points

• Slate Grocery REIT's stock price declined by 1.4%, closing at C$14.34, with a trading volume significantly up by 69% compared to its average.
• The company announced a monthly dividend of $0.072 per share, with an annualized yield of 6.0% and a payout ratio of 134.77%.
• Slate Grocery REIT maintains a market cap of C$847.94 million and notable financial ratios, including a debt-to-equity ratio of 133.42 and a price-to-earnings ratio of 22.37.

Slate Grocery REIT (TSE:SGR.UN - )'s stock price dropped 1.4% on Friday . The company traded as low as C$14.33 and last traded at C$14.34. Approximately 172,250 shares changed hands during trading, an increase of 69% from the average daily volume of 102,127 shares. The stock had previously closed at C$14.54.

Slate Grocery REIT Trading Down 1.4%

The company has a debt-to-equity ratio of 133.42, a quick ratio of 0.38 and a current ratio of 0.09. The business has a 50-day simple moving average of C$14.38 and a two-hundred day simple moving average of C$14.32. The stock has a market cap of C$847.94 million, a price-to-earnings ratio of 22.37 and a beta of 1.42.

Slate Grocery REIT Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were given a dividend of $0.072 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.0%. Slate Grocery REIT's dividend payout ratio is 134.77%.

Slate Grocery REIT Company Profile

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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