Slate Grocery REIT (OTCMKTS:SRRTF) Trading Down 1% – What’s Next?

Slate Grocery REIT (OTCMKTS:SRRTF) shares traded down 1% on Friday . The company traded as low as $10.5895 and last traded at $10.5895. 46,305 shares were traded during mid-day trading, an increase of 158% from the average session volume of 17,948 shares. The stock had previously closed at $10.6980.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $12.00 target price on shares of Slate Grocery REIT in a report on Monday, August 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.00.

Slate Grocery REIT Trading Down 1.0%

The company’s 50-day moving average price is $11.75 and its 200 day moving average price is $11.78.

Institutional Investors Weigh In On Slate Grocery REIT

An institutional investor recently bought a new stake in Slate Grocery REIT stock. Compass Financial Management LLC bought a new stake in Slate Grocery REIT (OTCMKTS:SRRTF) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,500 shares of the company’s stock, valued at approximately $80,000.

About Slate Grocery REIT

Slate Grocery REIT is a real estate investment trust that specializes in owning and operating grocery-anchored retail properties across the United States. The company focuses on net lease investments in everyday necessity properties, primarily grocery stores, pharmacies and other essential retailers that benefit from stable consumer demand and predictable cash flows.

The REIT’s portfolio is concentrated in single-tenant and small multi-tenant sites that are typically leased to investment-grade operators.