Slate Grocery REIT (TSE:SGR.UN) Trading 0.5% Higher - Time to Buy?

Key Points

• Slate Grocery REIT shares increased by 0.5% to C$14.20, with approximately 89,795 shares traded, marking an 8% decline from the average daily trading volume.
• The company recently declared a monthly dividend of $0.072, which results in a dividend yield of 6.1%, though it has a high payout ratio of 153.95%.
• Slate Grocery REIT focuses on acquiring and leasing a portfolio of grocery-anchored retail properties in the United States, with a market capitalization of C$837.80 million.

Shares of Slate Grocery REIT (TSE:SGR.UN - ) were up 0.5% during mid-day trading on Wednesday . The company traded as high as C$14.22 and last traded at C$14.20. Approximately 89,795 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 97,215 shares. The stock had previously closed at C$14.13.

Slate Grocery REIT Trading Up 0.5%

The stock has a market capitalization of C$837.80 million, a PE ratio of 18.68 and a beta of 1.66. 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 has a 50 day moving average price of C$14.30 and a 200-day moving average price of C$14.25.

Slate Grocery REIT Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were paid a $0.072 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Thursday, July 31st. Slate Grocery REIT's dividend payout ratio (DPR) is 153.95%.

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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