Slate Retail REIT (TSE:SRT.UN) Stock Passes Below 50 Day Moving Average of $9.60

Slate Retail REIT (TSE:SRT.UNGet Free Report)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$9.60 and traded as low as C$9.34. Slate Retail REIT shares last traded at C$9.60, with a volume of 30,579 shares.

Slate Retail REIT Trading Up 1.6 %

The company has a debt-to-equity ratio of 218.67, a current ratio of 0.61 and a quick ratio of 0.56. The firm has a market cap of C$393.69 million and a price-to-earnings ratio of 13.08. The business has a 50 day moving average of C$9.60.

Slate Retail REIT Company Profile

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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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