Slate Office REIT (TSE:SOT.UN)‘s stock had its “market perform” rating restated by equities research analysts at BMO Capital Markets in a note issued to investors on Monday. They currently have a C$7.00 target price on the stock. BMO Capital Markets’ price target would indicate a potential upside of 5.58% from the stock’s current price.
SOT.UN has been the subject of a number of other research reports. National Bank Financial lowered their price objective on Slate Office REIT from C$8.00 to C$7.50 in a research note on Wednesday, November 28th. Canaccord Genuity cut Slate Office REIT from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$8.50 to C$7.75 in a research note on Wednesday, November 7th. Finally, TD Securities cut Slate Office REIT from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$8.50 to C$8.00 in a research note on Wednesday, November 7th. Five analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of C$7.70.
SOT.UN opened at C$6.63 on Monday. Slate Office REIT has a 52 week low of C$7.48 and a 52 week high of C$8.42.
Slate Office REIT, formerly FAM Real Estate Investment Trust, is a Canada-based open-ended investment trust. The Trust focuses on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in Canada with an emphasis on office properties. The Trust has a portfolio that spans approximately four million square feet (sq.ft.) of gross leasable area (GLA) and consists of over 30 properties located across Canada.
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