Slate Grocery REIT (TSE:SGR.UN) Trading Down 0.8% – Here’s Why

Slate Grocery REIT (TSE:SGR.UN)’s stock price was down 0.8% during mid-day trading on Tuesday . The stock traded as low as C$13.52 and last traded at C$13.55. Approximately 134,465 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 114,455 shares. The stock had previously closed at C$13.66.

Slate Grocery REIT Trading Down 0.8 %

The firm has a market cap of C$799.45 million, a price-to-earnings ratio of 17.83 and a beta of 1.66. The business has a 50 day moving average of C$14.17 and a 200 day moving average of C$13.20. 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 company also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a dividend of $0.072 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.86 annualized dividend and a dividend yield of 6.38%. Slate Grocery REIT’s dividend payout ratio is currently 153.95%.

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 approximately U.S. $1.3 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.