Shares of Slate Retail REIT (TSE:SRT.UN) reached a new 52-week high during trading on Thursday . The stock traded as high as C$13.25 and last traded at C$13.20, with a volume of 13052 shares traded. The stock had previously closed at C$13.04.
SRT.UN has been the subject of a number of research analyst reports. Raymond James reiterated a “market perform” rating on shares of Slate Retail REIT in a report on Monday, May 6th. Royal Bank of Canada lifted their price objective on shares of Slate Retail REIT from C$9.75 to C$10.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets lifted their price objective on shares of Slate Retail REIT from C$9.75 to C$10.00 in a research note on Thursday, August 1st.
The stock has a market cap of $563.54 million and a P/E ratio of -219.00. The company’s 50 day moving average is C$12.82. The company has a debt-to-equity ratio of 215.79, a quick ratio of 0.08 and a current ratio of 0.10.
Slate Retail REIT is a real estate investment trust focused on U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.4 billion of assets located across the top 50 U.S. metro markets that are visited regularly by consumers for their everyday needs. The REIT's conservative payout ratio, together with its diversified portfolio and quality tenant covenants, provides a strong basis to continue to grow unitholder distributions and the flexibility to capitalize on opportunities that drive value appreciation.
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