Slate Grocery REIT (TSE:SGR.UN) Sets New 52-Week High – Still a Buy?

Slate Grocery REIT (TSE:SGR.UN) hit a new 52-week high on Monday . The company traded as high as C$17.32 and last traded at C$17.30, with a volume of 4306 shares changing hands. The stock had previously closed at C$17.26.

Slate Grocery REIT Stock Performance

The company’s 50-day moving average price is C$16.14 and its two-hundred day moving average price is C$15.69. The company has a market cap of C$1.03 billion, a P/E ratio of 24.40 and a beta of 1.33. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42.

Slate Grocery REIT Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were paid a dividend of $0.072 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a yield of 5.0%. Slate Grocery REIT’s dividend payout ratio is currently 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.