Raymond James Cuts Slate Grocery REIT (TSE:SGR.UN) Price Target to C$9.00

Slate Grocery REIT (TSE:SGR.UNFree Report) had its price target reduced by Raymond James from C$10.00 to C$9.00 in a research report released on Wednesday morning, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.

Slate Grocery REIT Trading Up 0.9 %

SGR.UN opened at C$11.04 on Wednesday. The firm has a market capitalization of C$652.80 million, a P/E ratio of 32.47 and a beta of 1.64. The firm’s 50 day moving average is C$11.26 and its 200-day moving average is C$11.34. Slate Grocery REIT has a 52-week low of C$9.56 and a 52-week high of C$13.75. 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.072 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.83%. Slate Grocery REIT’s dividend payout ratio is currently 344.12%.

About Slate Grocery REIT

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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.

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