TD Securities Lowers Slate Office REIT (TSE:SOT.UN) Price Target to C$0.75

Slate Office REIT (TSE:SOT.UN) had its price objective decreased by TD Securities from C$0.80 to C$0.75 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. TD Securities’ price target points to a potential upside of 10.29% from the stock’s previous close.

Separately, Cormark raised shares of Slate Office REIT from a “reduce” rating to a “market perform” rating in a research note on Friday, March 8th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$1.22.

Slate Office REIT Stock Performance

Shares of SOT.UN stock opened at C$0.68 on Wednesday. The firm has a 50 day moving average price of C$0.76 and a two-hundred day moving average price of C$0.86. The company has a quick ratio of 0.14, a current ratio of 0.56 and a debt-to-equity ratio of 229.55. The company has a market capitalization of C$54.43 million, a PE ratio of -0.48 and a beta of 0.94. Slate Office REIT has a 12-month low of C$0.64 and a 12-month high of C$2.21.

Slate Office REIT Company Profile

Slate Office REIT is an open-ended real estate investment trust. The REIT's portfolio currently comprises 43 strategic and well-located real estate assets located primarily across Canada's major population centres including one downtown asset in Chicago, Illinois. The REIT is focused on maximizing value through internal organic rental and occupancy growth and strategic acquisitions.