Slate Grocery REIT (OTCMKTS:SRRTF) Short Interest Down 17.4% in August

Slate Grocery REIT (OTCMKTS:SRRTFGet Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 137,300 shares, a decrease of 17.4% from the August 15th total of 166,200 shares. Based on an average trading volume of 9,100 shares, the days-to-cover ratio is presently 15.1 days.

Slate Grocery REIT Stock Performance

SRRTF stock opened at $9.57 on Friday. The firm’s fifty day moving average is $9.72 and its 200 day moving average is $9.81. Slate Grocery REIT has a one year low of $8.92 and a one year high of $12.15.

Slate Grocery REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.072 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.86 annualized dividend and a yield of 9.03%.

Analyst Ratings Changes

Separately, Raymond James dropped their price target on shares of Slate Grocery REIT from C$11.25 to C$11.00 in a research report on Tuesday, August 8th.

Read Our Latest Research Report on Slate Grocery REIT

Slate Grocery REIT Company Profile

(Get Free Report)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately $2.4 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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