Slate Grocery REIT (TSE:SGR.UN) Stock Price Down 2.5% – Should You Sell?

Shares of Slate Grocery REIT (TSE:SGR.UN) fell 2.5% on Monday . The stock traded as low as C$15.54 and last traded at C$15.58. Approximately 255,653 shares traded hands during mid-day trading, an increase of 129% from the average daily volume of 111,651 shares. The stock had previously closed at C$15.98.

Slate Grocery REIT Stock Performance

The stock has a 50-day moving average of C$17.06 and a 200 day moving average of C$16.44. The company has a debt-to-equity ratio of 133.42, a current ratio of 0.09 and a quick ratio of 0.38. The stock has a market capitalization of C$909.69 million, a price-to-earnings ratio of 21.63 and a beta of 1.32.

Slate Grocery REIT (TSE:SGR.UN) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.23 earnings per share for the quarter. The business had revenue of C$82.31 million for the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. On average, analysts expect that Slate Grocery REIT will post 1.8853755 EPS for the current year.

Slate Grocery REIT Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were paid a $0.072 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a yield of 5.6%. Slate Grocery REIT’s dividend payout ratio is presently 121.73%.

About Slate Grocery REIT

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.