Slate Grocery REIT (TSE:SGR.UN) Stock Price Up 1.4%

Slate Grocery REIT (TSE:SGR.UN) shot up 1.4% during mid-day trading on Thursday . The company traded as high as C$11.30 and last traded at C$11.24. 161,852 shares changed hands during trading, an increase of 75% from the average session volume of 92,665 shares. The stock had previously closed at C$11.08.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SGR.UN. Raymond James reduced 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 report on Wednesday, April 24th. Royal Bank of Canada cut their price target on shares of Slate Grocery REIT from C$9.50 to C$9.00 and set a “sector perform” rating on the stock in a report on Monday, May 6th. Scotiabank cut their price target on shares of Slate Grocery REIT from C$9.50 to C$9.00 and set a “sector perform” rating on the stock in a report on Thursday, May 2nd. Finally, CIBC cut their price target on shares of Slate Grocery REIT from C$9.75 to C$9.50 and set a “neutral” rating on the stock in a report on Thursday, May 2nd.

Slate Grocery REIT Trading Up 1.4 %

The company has a debt-to-equity ratio of 134.93, a current ratio of 0.09 and a quick ratio of 0.38. The firm has a market capitalization of C$663.05 million, a PE ratio of 13.22 and a beta of 1.65. The firm’s fifty day moving average is C$11.05 and its two-hundred day moving average is C$11.48.

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.