Slate Grocery REIT (TSE:SGR.UN) Shares Up 0.5% – Here’s Why

Slate Grocery REIT (TSE:SGR.UN)’s share price traded up 0.5% during trading on Wednesday . The company traded as high as C$14.11 and last traded at C$14.08. 58,689 shares traded hands during trading, a decline of 43% from the average session volume of 102,817 shares. The stock had previously closed at C$14.01.

Slate Grocery REIT Stock Performance

The company has a quick ratio of 0.38, a current ratio of 0.09 and a debt-to-equity ratio of 133.42. The firm has a 50-day moving average price of C$13.95 and a two-hundred day moving average price of C$13.96. The firm has a market cap of C$830.72 million, a PE ratio of 18.53 and a beta of 1.66.

Slate Grocery REIT Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a dividend of $0.072 per share. The ex-dividend date was Friday, February 28th. This represents a $0.86 annualized dividend and a yield of 6.14%. Slate Grocery REIT’s dividend payout ratio (DPR) is presently 153.95%.

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.