Slate Grocery REIT's stock has recently faced downward pressure amid a lack of significant news.
This week, Slate Grocery REIT (SGR-U.TO) has experienced notable declines, closing at US$10.38, down 3.53% for the day and 6.91% over the past week. The REIT's performance reflects broader market conditions and investor sentiment towards grocery-anchored real estate.
Investor takeaway: Investors should remain cautious as Slate Grocery REIT navigates a challenging market environment, with its stock trading below key moving averages and showing decreased trading volume.
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Slate Grocery REIT
SGR-U.TO
SGR-U.TO
Slate Grocery REIT
WealthAwesomeMarket cap
$631.66M
P/E
14.6x
Div. yield
8.03%
Div. / share
$0.86
52W high
$12.53
52W low
$9.47
1W change
-6.91%
Beta
1.13
Analyst Price Targets
Based on analyst covering SGR-U
Wall Street analysts forecast SGR-U stock price to rise 17.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
US$12.14
+17.0% Upside
Current Price
US$10.38
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on SGR-U's historical volatility
30-Day Vol
23.6%
Annualized
90-Day Vol
23.6%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
US$8.68
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | US$9.78 | US$9.01 โ US$10.61 |
| 60 trading days | US$9.22 | US$8.21 โ US$10.34 |
| 90 trading days | US$8.68 | US$7.54 โ US$10.00 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Slate Grocery REIT's stock down 6.91% this week.
Trading volume is significantly lower than average, with only 321 shares exchanged compared to a 20-day average of 2,225 shares, suggesting decreased investor interest.
Bull case
The REIT's portfolio is holding up well, thanks to grocery-anchored properties that tend to be more stable during economic fluctuations.
Bear case
The stock is currently trading below its 50-day and 200-day moving averages, which raises concerns about bearish momentum and investor worries regarding future growth.
Price Action Overview
Slate Grocery REIT's stock closed at US$10.38, marking a decline of 3.53% for the day and 6.91% for the week. The stock has seen a 1-month decline of 12.26% and a year-to-date drop of 7.49%. This performance highlights the challenges facing the REIT, particularly in an evolving macroeconomic landscape.
Technical Picture
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Currently, Slate Grocery REIT is trading below its 50-day moving average of US$11.93, which is down 13.0% from the current price, and the 200-day moving average of US$11.64, down 10.8%. The stock's 52-week range is US$9.47 to US$12.53, with the current price at approximately 30% of this range. The stock has a beta of 1.13, indicating slightly higher volatility compared to the market. Additionally, the trading volume has been low, with only 321 shares traded against a 20-day average volume of 2,225 shares.
Insider Activity
There have been no reported insider transactions for Slate Grocery REIT during this period, indicating no recent buying or selling activity by company executives or board members.
Market Outlook
Despite the recent downturn, analysts maintain a bullish outlook on Slate Grocery REIT, with an average target price of US$12.14, suggesting a potential upside of 17.0% from the current trading level. The REIT's fundamentals remain solid, with a P/E ratio of 14.62, a profit margin of 18.4%, and an ROE of 6.8%.
Final Thoughts
As of the latest close, Slate Grocery REIT is showing signs of weakness in a challenging market environment. Investors may want to monitor upcoming earnings announcements and market conditions closely, as these factors could significantly influence the stock's performance moving forward.
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