Slate Grocery REIT (TSE:SGR.UN) Sets New 12-Month High – Here’s What Happened

Slate Grocery REIT (TSE:SGR.UN)’s share price reached a new 52-week high during trading on Friday . The company traded as high as C$16.75 and last traded at C$16.63, with a volume of 96346 shares changing hands. The stock had previously closed at C$15.90.

Slate Grocery REIT Price Performance

The firm has a market capitalization of C$997.40 million, a PE ratio of 23.71 and a beta of 1.29. The stock has a 50-day moving average price of C$15.77 and a 200 day moving average price of C$15.52. The company has a quick ratio of 0.38, a current ratio of 0.09 and a debt-to-equity ratio of 133.42.

Slate Grocery REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were given a $0.072 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. Slate Grocery REIT’s payout ratio is 121.70%.

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 critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.