Slate Grocery REIT (TSE:SGR.UN) Trading 0.7% Higher - Should You Buy?

Slate Grocery REIT (TSE:SGR.UN - Get Free Report)'s stock price shot up 0.7% during mid-day trading on Monday . The stock traded as high as C$14.44 and last traded at C$14.40. 54,981 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 99,298 shares. The stock had previously closed at C$14.30.

Slate Grocery REIT Price Performance

The stock has a market capitalization of C$859.63 million, a PE ratio of 19.17 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. The firm's 50 day simple moving average is C$14.57 and its 200 day simple moving average is C$14.13.

Slate Grocery REIT Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were paid a $0.072 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date was Monday, June 30th. Slate Grocery REIT's dividend payout ratio (DPR) is presently 153.95%.

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.