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Slate Grocery REIT (TSE:SGR.UN) Stock Price Up 0.7% - Time to Buy?

Slate Grocery REIT logo with Real Estate background

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 were traded during 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 Stock Performance

The company has a 50-day moving average price of C$14.57 and a two-hundred day moving average price of C$14.13. 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 market capitalization of C$856.09 million, a P/E ratio of 19.09 and a beta of 1.66.

Slate Grocery REIT Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were given a $0.072 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date was Monday, June 30th. Slate Grocery REIT's payout ratio is 153.95%.

Slate Grocery REIT Company Profile

(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.

See Also

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