Slate Grocery REIT (TSE:SGR.UN) Trading 1.2% Higher

Slate Grocery REIT (TSE:SGR.UNGet Rating) shares shot up 1.2% during trading on Tuesday . The company traded as high as C$15.69 and last traded at C$15.64. 72,680 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 150,324 shares. The stock had previously closed at C$15.45.

Analysts Set New Price Targets

Several research firms have recently issued reports on SGR.UN. Scotiabank lowered their price objective on Slate Grocery REIT from C$11.75 to C$11.50 in a research note on Monday, August 8th. Royal Bank of Canada boosted their target price on shares of Slate Grocery REIT from C$11.50 to C$12.00 and gave the stock a “sector perform” rating in a report on Friday, August 5th.

Slate Grocery REIT Price Performance

The company has a debt-to-equity ratio of 127.15, a current ratio of 0.43 and a quick ratio of 0.38. The firm has a market capitalization of C$939.84 million and a price-to-earnings ratio of 5.88. The business’s fifty day simple moving average is C$14.15 and its 200 day simple moving average is C$14.36.

Slate Grocery REIT Company Profile

(Get Rating)

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.

Further Reading

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