Slate Office REIT (TSE:SOT.UN) Price Target Cut to C$0.65 by Analysts at Cormark

Slate Office REIT (TSE:SOT.UN) had its price target lowered by Cormark from C$0.80 to C$0.65 in a research note released on Tuesday, BayStreet.CA reports.

SOT.UN has been the subject of a number of other reports. CIBC decreased their price target on shares of Slate Office REIT from C$1.00 to C$0.75 and set a neutral rating for the company in a research report on Monday. TD Securities lowered their target price on Slate Office REIT from C$0.80 to C$0.75 in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of C$0.90.

Slate Office REIT Trading Up 1.5 %

Shares of SOT.UN opened at C$0.67 on Tuesday. Slate Office REIT has a twelve month low of C$0.64 and a twelve month high of C$2.13. The firm has a market capitalization of C$53.63 million, a P/E ratio of -0.48 and a beta of 0.94. The company has a current ratio of 0.56, a quick ratio of 0.14 and a debt-to-equity ratio of 229.55. The stock’s fifty day simple moving average is C$0.73 and its 200 day simple moving average is C$0.82.

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.