Slate Grocery REIT (TSE:SGR.UN) Price Target Cut to C$9.00 by Analysts at Scotiabank

Slate Grocery REIT (TSE:SGR.UN) had its price objective reduced by equities researchers at Scotiabank from C$9.50 to C$9.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential downside of 18.92% from the stock’s current price.

Separately, Raymond James reduced their price target on shares of Slate Grocery REIT from C$10.00 to C$9.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 24th.

Slate Grocery REIT Trading Up 0.5 %

Shares of SGR.UN traded up C$0.05 during mid-day trading on Thursday, hitting C$11.10. The company had a trading volume of 41,400 shares, compared to its average volume of 96,462. The business’s 50-day simple moving average is C$11.20 and its 200-day simple moving average is C$11.34. The company has a quick ratio of 0.38, a current ratio of 0.17 and a debt-to-equity ratio of 134.91. Slate Grocery REIT has a 1-year low of C$9.56 and a 1-year high of C$13.75. The stock has a market cap of C$656.34 million, a PE ratio of 32.65 and a beta of 1.64.

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.