Slate Grocery REIT (TSE:SGR.UN) to Issue Monthly Dividend of $0.07

by · The Cerbat Gem

Slate Grocery REIT (TSE:SGR.UN – Get Free Report) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.072 per share on Friday, November 15th. This represents a $0.86 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date is Thursday, October 31st.

Slate Grocery REIT Stock Performance

Shares of Slate Grocery REIT stock traded down C$0.14 on Tuesday, hitting C$13.80. 6,559 shares of the company’s stock were exchanged, compared to its average volume of 100,713. The company has a debt-to-equity ratio of 133.42, a quick ratio of 0.38 and a current ratio of 0.09. The stock has a market capitalization of C$814.20 million, a PE ratio of 18.34 and a beta of 1.66. Slate Grocery REIT has a 1 year low of C$9.66 and a 1 year high of C$14.34. The company has a 50-day simple moving average of C$13.50 and a 200-day simple moving average of C$12.07.

Wall Street Analyst Weigh In

Separately, Raymond James boosted their price target on Slate Grocery REIT from C$9.00 to C$9.75 in a report on Friday, September 6th.

Check Out Our Latest Analysis on Slate Grocery REIT

About Slate Grocery REIT

(Get Free Report)

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.

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