Slate Retail REIT (TSE:SRT.UN) Shares Pass Below Fifty Day Moving Average of $9.60

Slate Retail REIT (TSE:SRT.UN)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$9.60 and traded as low as C$9.34. Slate Retail REIT shares last traded at C$9.60, with a volume of 30,579 shares trading hands.

Slate Retail REIT Price Performance

The company has a fifty day simple moving average of C$9.60. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 218.67. The company has a market capitalization of C$393.69 million and a price-to-earnings ratio of 13.08.

Slate Retail REIT Company Profile

Slate Retail REIT is a real estate investment trust focused on U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.4 billion of assets located across the top 50 U.S. metro markets that are visited regularly by consumers for their everyday needs. The REIT's conservative payout ratio, together with its diversified portfolio and quality tenant covenants, provides a strong basis to continue to grow unitholder distributions and the flexibility to capitalize on opportunities that drive value appreciation.