TSE:SGR.UN

Slate Grocery REIT (SGR.UN) Stock Forecast, Price & News

C$12.96

-0.09 (-0.69%)

(As of 06/9/2023 ET)

Compare

Today's Range: C$12.96
▼
C$13.11
50-Day Range: C$12.44
▼
C$13.67
52-Week Range: C$12.34
▼
C$16.38

Volume: 58,283 shs
Average Volume: 145,753 shs
Market Capitalization: C$777.08 million

P/E Ratio: 6.42
Dividend Yield: 9.10%
Price Target: C$11.31

Profile Analyst Ratings Chart Competitors Dividend Headlines Social Media

Slate Grocery REIT MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 12.7% Downside
C$11.31 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.25
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.36 out of 5 stars

1.0

Analyst's Opinion

Consensus Rating
Slate Grocery REIT has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$11.31, Slate Grocery REIT has a forecasted downside of 12.7% from its current price of C$12.96.
Amount of Analyst Coverage
Slate Grocery REIT has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for SGR.UN.

2.5

Dividend Strength

Dividend Leadership
Slate Grocery REIT is a leading dividend payer. It pays a dividend yield of 9.31%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Slate Grocery REIT does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Slate Grocery REIT is 58.42%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SGR.UN.

2.9

News and Social Media Coverage

News Sentiment
Slate Grocery REIT has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.74 average news sentiment score of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Slate Grocery REIT this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for SGR.UN on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Slate Grocery REIT to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Slate Grocery REIT insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.40% of the stock of Slate Grocery REIT is held by insiders.
Percentage Held by Institutions
Only 13.51% of the stock of Slate Grocery REIT is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Slate Grocery REIT is 6.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.05.
Price to Earnings Ratio vs. Sector
The P/E ratio of Slate Grocery REIT is 6.42, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 148.99.
Price to Book Value per Share Ratio
Slate Grocery REIT has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Slate Grocery REIT (TSE:SGR.UN) Stock

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.

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SGR.UN Stock News Headlines

June 5, 2023 | msn.com

Need Passive Income Right Now? Turn $20,000 Into $152 Every Month

June 4, 2023 | ca.finance.yahoo.com

3 Canadian Dividend Stocks Offering High Yields and Reliable Income

June 10, 2023 | Behind the Markets (Ad)

WARNING: Do You Invest with these Banks

Take a close look at the investment banks above. Because if you have stocks with any of these brokerages... These new political developments WILL affect you.

May 31, 2023 | finance.yahoo.com

SGR-U.TO - Slate Grocery REIT

May 24, 2023 | msn.com

This 9% Monthly Dividend Stock Is a Must Buy Today

May 22, 2023 | theglobeandmail.com

Closing Bell: Slate Grocery REIT down on Friday (SGR-UN)

May 12, 2023 | americanbankingnews.com

Slate Grocery REIT (TSE:SGR.UN) Price Target Lowered to C$11.25 at Raymond James

May 11, 2023 | americanbankingnews.com

Royal Bank of Canada Cuts Slate Grocery REIT (TSE:SGR.UN) Price Target to C$11.00

June 10, 2023 | Behind the Markets (Ad)

WARNING: Do You Invest with these Banks

Take a close look at the investment banks above. Because if you have stocks with any of these brokerages... These new political developments WILL affect you.

May 2, 2023 | theglobeandmail.com

Slate Grocery: Top 10 Undervalued Real Estate Sector Stocks on TSX (SGR-UN)

April 25, 2023 | theglobeandmail.com

Closing Bell: Slate Grocery REIT down on Monday (SGR-UN)

April 21, 2023 | theglobeandmail.com

Closing Bell: Slate Grocery REIT up on Friday (SGR-UN)

April 20, 2023 | theglobeandmail.com

Closing Bell: Slate Grocery REIT up on Wednesday (SGR-UN)

April 19, 2023 | theglobeandmail.com

Closing Bell: Slate Grocery REIT down on Tuesday (SGR-UN)

April 17, 2023 | finance.yahoo.com

Slate Grocery REIT Announces Distribution for the Month of April 2023

April 13, 2023 | theglobeandmail.com

Closing Bell: Slate Grocery REIT down on Thursday (SGR-UN)

April 13, 2023 | theglobeandmail.com

Closing Bell: Slate Grocery REIT down on Wednesday (SGR-UN)

April 12, 2023 | theglobeandmail.com

Closing Bell: Slate Grocery REIT up on Tuesday (SGR-UN)

April 11, 2023 | theglobeandmail.com

Closing Bell: Slate Grocery REIT up on Monday (SGR-UN)

April 7, 2023 | theglobeandmail.com

Closing Bell: Slate Grocery REIT up on Thursday (SGR-UN)

January 11, 2023 | ca.finance.yahoo.com

Slate Grocery REIT (TSE:SGR.UN) shareholders have earned a 14% CAGR over the last five years

December 28, 2022 | ca.finance.yahoo.com

3 Dividend Yields Investors Should Lock up Right Now

December 23, 2022 | msn.com

Need Passive Income? Turn $5,000 Into $32 Every Single Month

November 28, 2022 | finance.yahoo.com

Slate Grocery REIT Announces Change to Board of Trustees

November 11, 2022 | msn.com

1 Ultra-High-Yield Dividend Stock Investors Should Consider Now

November 2, 2022 | financialpost.com

Slate Grocery REIT Reports Third Quarter 2022 Results

October 17, 2022 | nz.finance.yahoo.com

Slate Grocery REIT Announces Distribution for the Month of October 2022

See More Headlines

SGR.UN Price History

30 days | 90 days | 365 days | Advanced Chart

SGR.UN Company Calendar

Ex-Dividend for 3/15 Dividend: 2/27/2023
Dividend Payable: 3/15/2023
Today: 6/10/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: REIT - Retail
Sub-Industry: N/A
Sector: Real Estate
Current Symbol: TSE:SGR.UN
CUSIP: N/A
CIK: N/A
Web: www.slategroceryreit.com
Phone: 416-644-4264
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$11.31
High Stock Price Forecast: C$11.50
Low Stock Price Forecast: C$11.00
Forecasted Upside/Downside: -12.7%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.02
Trailing P/E Ratio: 6.42
Forward P/E Ratio: 7.13
P/E Growth: N/A
Net Income: C$88.79 million
Net Margins: 42.54%
Pretax Margin: N/A
Return on Equity: 12.52%
Return on Assets: 4.22%

Debt

Debt-to-Equity Ratio: 128.04
Current Ratio: 0.26
Quick Ratio: 0.38

Sales & Book Value

Annual Sales: C$208.71 million
Price / Sales: 3.72
Cash Flow: C$0.40 per share
Price / Cash Flow: 32.50
Book Value: C$11.81 per share
Price / Book: 1.10

Miscellaneous

Outstanding Shares: 59,960,000
Free Float: N/A
Market Cap: C$777.08 million
Optionable: Not Optionable
Beta: 1.47

Key Executives

Mr. David Dunn
Chief Exec. Officer

Mr. Andrew Agatep
Chief Financial Officer

Ms. Katie Fasken
Managing Director of Investor Relations

Mr. Ramsey Ali J.D.
Corp. Sec. & Gen. Counsel

Ms. Erisa Vieira
Chief Compliance Officer

Ms. Lisa Rowe
Partner

Mr. Braden Lyons
Analyst, Investor Relations

Mr. John Murray
Legal Counsel

Ms. Amanda Giardino
Mang. of Financial Analysis & Reporting

Key Competitors

View All Competitors

SGR.UN Stock - Frequently Asked Questions

Should I buy or sell Slate Grocery REIT stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Slate Grocery REIT in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SGR.UN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SGR.UN, but not buy additional shares or sell existing shares.
View SGR.UN analyst ratings or view top-rated stocks.
What is Slate Grocery REIT's stock price forecast for 2023?: 3 equities research analysts have issued twelve-month target prices for Slate Grocery REIT's shares. Their SGR.UN share price forecasts range from C$11.00 to C$11.50. On average, they anticipate the company's share price to reach C$11.31 in the next twelve months. This suggests that the stock has a possible downside of 12.7%.
View analysts price targets for SGR.UN or view top-rated stocks among Wall Street analysts.
How have SGR.UN shares performed in 2023?: Slate Grocery REIT's stock was trading at C$15.11 on January 1st, 2023. Since then, SGR.UN shares have decreased by 14.2% and is now trading at C$12.96.
View the best growth stocks for 2023 here.
How often does Slate Grocery REIT pay dividends? What is the dividend yield for Slate Grocery REIT?: Slate Grocery REIT announced a monthly dividend on Monday, February 27th. Stockholders of record on Wednesday, March 15th will be paid a dividend of 0.072 per share on Wednesday, March 15th. This represents a $0.86 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date of this dividend is Monday, February 27th.
Read our dividend analysis for SGR.UN.

Is Slate Grocery REIT a good dividend stock?: Slate Grocery REIT (TSE:SGR.UN) pays an annual dividend of C$1.18 per share and currently has a dividend yield of 9.31%. SGR.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 58.42%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SGR.UN.
What is Slate Grocery REIT's stock symbol?: Slate Grocery REIT trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SGR.UN."
How do I buy shares of Slate Grocery REIT?: Shares of SGR.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.
What is Slate Grocery REIT's stock price today?: One share of SGR.UN stock can currently be purchased for approximately C$12.96.
How much money does Slate Grocery REIT make?: Slate Grocery REIT (TSE:SGR.UN) has a market capitalization of C$777.08 million and generates C$208.71 million in revenue each year. The company earns C$88.79 million in net income (profit) each year or C$2.02 on an earnings per share basis.
How can I contact Slate Grocery REIT?: The official website for the company is www.slategroceryreit.com. The company can be reached via phone at 416-644-4264.

This page (TSE:SGR.UN) was last updated on 6/10/2023 by MarketBeat.com Staff

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Slate Grocery REIT (SGR.UN) Stock Forecast, Price & News

Slate Grocery REIT MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Slate Grocery REIT (TSE:SGR.UN) Stock

SGR.UN Stock News Headlines

SGR.UN Price History

SGR.UN Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

SGR.UN Stock - Frequently Asked Questions

Overall MarketRank^™