Slate Grocery REIT (OTCMKTS:SRRTF – Get Free Report) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 248,100 shares, a decrease of 11.8% from the January 31st total of 281,300 shares. Based on an average trading volume of 45,600 shares, the days-to-cover ratio is currently 5.4 days.
Slate Grocery REIT Trading Down 1.4 %
Shares of OTCMKTS SRRTF opened at $9.76 on Friday. Slate Grocery REIT has a 12-month low of $7.72 and a 12-month high of $10.96. The business’s fifty day simple moving average is $9.68 and its 200-day simple moving average is $9.88.
Slate Grocery REIT Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.072 dividend. This represents a $0.86 annualized dividend and a dividend yield of 8.85%. The ex-dividend date of this dividend is Friday, February 28th.
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 $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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