Slate Grocery REIT (TSE:SGR.UN) Shares Down 0.8% – Should You Sell?

Slate Grocery REIT (TSE:SGR.UN) fell 0.8% on Tuesday . The stock traded as low as C$13.52 and last traded at C$13.55. 134,465 shares were traded during trading, an increase of 17% from the average session volume of 114,455 shares. The stock had previously closed at C$13.66.

Slate Grocery REIT Trading Down 0.8 %

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 stock has a market capitalization 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 simple moving average of C$14.17 and a 200-day simple moving average of C$13.20.

Slate Grocery REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a $0.072 dividend. 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 presently 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.