Slate Grocery REIT (TSE:SGR.UN) Hits New 52-Week High – Time to Buy?

Slate Grocery REIT (TSE:SGR.UN)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$17.85 and last traded at C$17.80, with a volume of 3159 shares trading hands. The stock had previously closed at C$17.82.

Slate Grocery REIT Stock Down 0.8%

The company’s 50 day moving average price is C$16.87 and its two-hundred day moving average price is C$16.08. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42. The stock has a market cap of C$1.05 billion, a P/E ratio of 24.86 and a beta of 1.32.

Slate Grocery REIT (TSE:SGR.UN) last announced its earnings results on Tuesday, May 12th. The company reported C$0.33 earnings per share (EPS) for the quarter. The company had revenue of C$82.48 million during the quarter. Slate Grocery REIT had a net margin of 16.33% and a return on equity of 5.14%. Equities analysts forecast that Slate Grocery REIT will post 1.8853755 earnings per share for the current year.

Slate Grocery REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.072 per share. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Tuesday, June 30th. Slate Grocery REIT’s dividend payout ratio (DPR) 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.