Slate Grocery REIT (TSE:SGR.UN) Declares $0.07 Monthly Dividend

Slate Grocery REIT (TSE:SGR.UN) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Investors 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 6.20%. The ex-dividend date of this dividend is Thursday, October 31st.

Slate Grocery REIT Stock Down 0.1 %

Slate Grocery REIT stock opened at C$13.94 on Tuesday. Slate Grocery REIT has a 1-year low of C$9.66 and a 1-year high of C$14.34. The firm has a market capitalization of C$822.46 million, a price-to-earnings ratio of 18.34 and a beta of 1.66. 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 firm has a 50 day simple moving average of C$13.50 and a 200 day simple moving average of C$12.07.

Analyst Ratings Changes

Separately, Raymond James lifted their price objective on shares of Slate Grocery REIT from C$9.00 to C$9.75 in a research note on Friday, September 6th.

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.