Slate Office REIT (TSE:SOT.UN) Receives Consensus Rating of “Reduce” from Analysts

Slate Office REIT (TSE:SOT.UN) has earned an average rating of “Reduce” from the six analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$1.22.

A number of research analysts have commented on SOT.UN shares. Cormark raised Slate Office REIT from a “reduce” rating to a “market perform” rating in a report on Friday, March 8th. TD Securities lowered their price target on shares of Slate Office REIT from C$0.80 to C$0.75 in a research report on Wednesday.

Slate Office REIT Price Performance

Shares of TSE SOT.UN opened at C$0.70 on Friday. The firm has a market cap of C$56.04 million, a P/E ratio of -0.50 and a beta of 0.94. The business’s 50 day moving average is C$0.75 and its 200-day moving average is C$0.86. The company has a current ratio of 0.56, a quick ratio of 0.14 and a debt-to-equity ratio of 229.55. Slate Office REIT has a 1-year low of C$0.64 and a 1-year 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.