Slate Grocery REIT (TSE:SGR.UN) PT Lowered to C$9.00 at Raymond James

Slate Grocery REIT (TSE:SGR.UN - Free Report) had its price objective reduced by Raymond James from C$10.00 to C$9.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. They currently have a market perform rating on the stock.

Slate Grocery REIT Stock Performance

SGR.UN stock traded down C$0.15 during mid-day trading on Wednesday, hitting C$10.93. 71,592 shares of the company were exchanged, compared to its average volume of 98,147. Slate Grocery REIT has a 1-year low of C$9.56 and a 1-year high of C$13.75. The stock has a market capitalization of C$646.29 million, a PE ratio of 32.15 and a beta of 1.64. The business has a 50 day simple moving average of C$11.30 and a 200-day simple moving average of C$11.34. The company has a current ratio of 0.17, a quick ratio of 0.38 and a debt-to-equity ratio of 134.91.

Slate Grocery REIT Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 15th were paid a $0.072 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.86 annualized dividend and a yield of 7.90%. Slate Grocery REIT's dividend payout ratio (DPR) is presently 344.12%.

Slate Grocery REIT Company Profile

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.