Slate Grocery REIT (TSE:SGR.UN) PT Lowered to C$9.00 at Scotiabank

Slate Grocery REIT (TSE:SGR.UN) had its price objective reduced by Scotiabank from C$9.50 to C$9.00 in a research note published on Thursday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Separately, Raymond James decreased their price objective on shares of Slate Grocery REIT from C$10.00 to C$9.00 and set a market perform rating for the company in a research note on Wednesday, April 24th.

Slate Grocery REIT Stock Down 1.3 %

Shares of TSE:SGR.UN opened at C$11.01 on Thursday. The firm has a 50 day simple moving average of C$11.17 and a 200-day simple moving average of C$11.35. The company has a market capitalization of C$651.02 million, a PE ratio of 32.38 and a beta of 1.64. Slate Grocery REIT has a twelve month low of C$9.56 and a twelve month high of C$13.75. The company has a current ratio of 0.17, a quick ratio of 0.38 and a debt-to-equity ratio of 134.91.

About Slate Grocery REIT

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.