Raymond James Raises Slate Grocery REIT (TSE:SGR.UN) Price Target to C$9.75

Slate Grocery REIT (TSE:SGR.UN) had its price target lifted by analysts at Raymond James from C$9.00 to C$9.75 in a report released on Friday, BayStreet.CA reports. Raymond James’ target price indicates a potential downside of 23.53% from the company’s previous close.

Slate Grocery REIT Trading Up 0.1 %

TSE SGR.UN opened at C$12.75 on Friday. Slate Grocery REIT has a 12 month low of C$9.56 and a 12 month high of C$13.08. The stock has a market capitalization of C$752.25 million, a P/E ratio of 16.78 and a beta of 1.66. The firm’s 50-day moving average is C$11.94 and its two-hundred day moving average is C$11.42. The company has a debt-to-equity ratio of 133.42, a current ratio of 0.09 and a quick ratio of 0.38.

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.