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

Company Overview

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.

Key Stats

• Today's Range: C$13.97 to C$14.12
• 50-Day Range: C$11.44 to C$14.14
• 52-Week Range: C$9.56 to C$14.14
• Volume: 235,526 shs
• Average Volume: 99,845 shs
• Market Capitalization: C$828.95 million
• P/E Ratio: 18.25
• Dividend Yield: 8.33%
• Price Target: C$9.31
• Consensus Rating: Hold

Slate Grocery REIT Stock Analysis - MarketRank™

Slate Grocery REIT scored higher than 12% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

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, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Slate Grocery REIT has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Slate Grocery REIT is 18.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Slate Grocery REIT is 18.25, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 255.99.

Price to Book Value per Share Ratio

Slate Grocery REIT has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

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

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Slate Grocery REIT is a leading dividend payer. It pays a dividend yield of 8.25%, 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 151.95%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

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

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.40

News Sentiment

Slate Grocery REIT has a news sentiment score of 0.40. 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 0.58 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

Only 1 people have searched for SGR.UN on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Slate Grocery REIT to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

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 0.21% of the stock of Slate Grocery REIT is held by insiders.

Percentage Held by Institutions

Only 13.11% of the stock of Slate Grocery REIT is held by institutions.

SGR.UN Stock Analysis - Frequently Asked Questions

How have SGR.UN shares performed this year?

Slate Grocery REIT's stock was trading at C$12.07 on January 1st, 2024. Since then, SGR.UN shares have increased by 16.4% and is now trading at C$14.05.
View the best growth stocks for 2024 here.

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.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Retail
• Sub-Industry: N/A
• 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 Target: C$9.31
• High Stock Price Target: C$9.75
• Low Stock Price Target: C$9.00
• Potential Upside/Downside: -33.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.77
• Trailing P/E Ratio: 18.25
• Forward P/E Ratio: 7.55
• P/E Growth: N/A
• Net Income: C$34.14 million
• Net Margins: 16.33%
• Pretax Margin: N/A
• Return on Equity: 5.14%
• Return on Assets: 3.59%

Debt

• Debt-to-Equity Ratio: 133.42
• Current Ratio: 0.09
• Quick Ratio: 0.38

Sales & Book Value

• Annual Sales: C$209.07 million
• Price / Sales: 3.96
• Cash Flow: C$0.43 per share
• Price / Cash Flow: 32.50
• Book Value: C$11.60 per share
• Price / Book: 1.21

Miscellaneous

• Outstanding Shares: 59,000,000
• Free Float: N/A
• Market Cap: C$828.95 million
• Optionable: Not Optionable
• Beta: 1.66