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

Slate Grocery REIT (OTCMKTS:SRRTF) 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.

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 $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.