Slate Grocery REIT (TSE:SGR.UN) Given New C$9.75 Price Target at Raymond James

Slate Grocery REIT (TSE:SGR.UN) had its price objective upped by analysts at Raymond James from C$9.00 to C$9.75 in a note issued to investors on Friday, BayStreet.CA reports. Raymond James’ price target points to a potential downside of 23.29% from the company’s current price.

Slate Grocery REIT Stock Performance

Shares of Slate Grocery REIT stock traded down C$0.03 on Friday, reaching C$12.71. 40,461 shares of the stock were exchanged, compared to its average volume of 96,323. The firm has a market capitalization of C$749.89 million, a PE ratio of 16.72 and a beta of 1.66. Slate Grocery REIT has a 1-year low of C$9.56 and a 1-year high of C$13.08. The business has a fifty day moving average price of C$11.90 and a two-hundred day moving average price of C$11.42. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42.

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.