TSE:SRT.UN

Slate Retail REIT Stock Forecast, Price & News

C$9.60

+0.15 (+1.59 %)

(As of 08/20/2020)

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Today's Range

C$9.34

Now: C$9.60▼

C$9.79

50-Day Range

C$9.01

MA: C$9.36▼

C$9.60

52-Week Range

C$4.95

Now: C$9.60▼

C$13.60

Volume30,579 shs

Average Volume84,054 shs

Market CapitalizationC$393.69 million

P/E Ratio13.08

Dividend Yield11.93%

BetaN/A

Slate Retail REIT is a real estate investment trust focused on U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.4 billion of assets located across the top 50 U.S. metro markets that are visited regularly by consumers for their everyday needs. The REIT's conservative payout ratio, together with its diversified portfolio and quality tenant covenants, provides a strong basis to continue to grow unitholder distributions and the flexibility to capitalize on opportunities that drive value appreciation.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
Slate Retail REIT has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$7.67, Slate Retail REIT has a forecasted downside of 20.1% from its current price of C$9.60.
Amount of Analyst Coverage
Slate Retail REIT has received no research coverage in the past 90 days.

2.5 Community Rank

Outperform Votes
Slate Retail REIT has received 126 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Slate Retail REIT has received 131 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Slate Retail REIT has received 50.97% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Slate Retail REIT and other stocks. Vote “Outperform” if you believe SRT.UN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SRT.UN will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Slate Retail REIT is a leading dividend payer. It pays a dividend yield of 11.93%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Slate Retail REIT does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Slate Retail REIT is 117.20%. Payout ratios above 75% are not desirable because they may not be sustainable.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Slate Retail REIT insiders have not sold or bought any company stock.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Slate Retail REIT is 13.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.83.
Price to Earnings Ratio vs. Sector
The P/E ratio of Slate Retail REIT is 13.08, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 67.06.
Price to Book Value per Share Ratio
Slate Retail REIT has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.28 out of 5 stars

Industry, Sector and Symbol

Stock Exchange TSE

Industry REIT - Retail

Sub-IndustryN/A

SectorReal Estate

Current SymbolTSE:SRT.UN

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.slateretailreit.com

Phone+1-416-6444264

EmployeesN/A

Debt

Debt-to-Equity Ratio218.67

Current Ratio0.61

Quick Ratio0.56

Price-To-Earnings

Trailing P/E Ratio13.08

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesC$131.22 million

Price / Sales3.00

Cash FlowC$0.14 per share

Price / Cash Flow68.78

Book ValueC$9.29 per share

Price / Book1.03

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares41,009,000

Market CapC$393.69 million

Next Earnings DateN/A

OptionableNot Optionable

C$9.60

+0.15 (+1.59 %)

(As of 08/20/2020)

30 days | 90 days | 365 days | Advanced Chart

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Slate Retail REIT (TSE:SRT.UN) Frequently Asked Questions

How has Slate Retail REIT's stock price been impacted by COVID-19?

Slate Retail REIT's stock was trading at C$11.18 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SRT.UN stock has decreased by 14.1% and is now trading at C$9.60.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Slate Retail REIT?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Slate Retail REIT in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Slate Retail REIT or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Slate Retail REIT?

Wall Street analysts have given Slate Retail REIT a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Slate Retail REIT wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What price target have analysts set for SRT.UN?

2 brokers have issued twelve-month target prices for Slate Retail REIT's shares. Their forecasts range from C$7.00 to C$8.50. On average, they anticipate Slate Retail REIT's share price to reach C$7.67 in the next year. This suggests that the stock has a possible downside of 20.1%.
View analysts' price targets for Slate Retail REIT.

Who are some of Slate Retail REIT's key competitors?

Some companies that are related to Slate Retail REIT include Hammerson plc (HMSO.L) (HMSO), Plaza Retail REIT (PLZ.UN), Supermarket Income REIT plc (SUPR.L) (SUPR), NewRiver REIT plc (NRR.L) (NRR), Capital & Regional Plc (CAL.L) (CAL), Intu Properties (INTU), HMG/Courtland Properties (HMG), The Local Shopping REIT PLC (LSR.L) (LSR), (WFD.AX) (WFD), APN Convenience Retail REIT (AQR.AX) (AQR), Aventus Group (AVN.AX) (AVN), Charter Hall Retail Real Estate Investment Trust (CQR.AX) (CQR), Scentre Group (STGPF), Scentre Group (SCG.AX) (SCG) and Shopping Centres Australasia Property Group (SCP.AX) (SCP).
View all competitors.

Who are Slate Retail REIT's key executives?

Slate Retail REIT's management team includes the following people:

Mr. Greg Stevenson CFA, Chief Exec. Officer
Mr. Robert Armstrong, Chief Financial Officer
Ms. Katie Fasken, Director of Bus. Devel. & Investor Relations
Mr. Ramsey Ali J.D., Corp. Sec. & Gen. Counsel of Slate Asset Management LP
Ms. Lisa Rowe, Sr. VP of Fin. & Taxation - Slate Asset Management LP

What is Slate Retail REIT's stock symbol?

Slate Retail REIT trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SRT.UN."

How do I buy shares of Slate Retail REIT?

Shares of SRT.UN and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Slate Retail REIT's stock price today?

One share of SRT.UN stock can currently be purchased for approximately C$9.60.

How big of a company is Slate Retail REIT?

Slate Retail REIT has a market capitalization of C$393.69 million and generates C$131.22 million in revenue each year.

What is Slate Retail REIT's official website?

The official website for Slate Retail REIT is www.slateretailreit.com.

How can I contact Slate Retail REIT?

Slate Retail REIT's mailing address is 21 King St W, Suite 200, TORONTO, ON M5H 3T9, Canada. The company can be reached via phone at +1-416-6444264.

This page was last updated on 11/30/2020 by MarketBeat.com Staff

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