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

Shares of Slate Office REIT (TSE:SOT.UNGet Free Report) have been assigned an average rating of “Reduce” from the six ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$1.26.

Separately, Cormark upgraded shares of Slate Office REIT from a “reduce” rating to a “market perform” rating in a research report on Friday, March 8th.

Read Our Latest Analysis on Slate Office REIT

Slate Office REIT Stock Down 2.7 %

SOT.UN opened at C$0.73 on Tuesday. 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 firm has a 50 day moving average price of C$0.82 and a 200-day moving average price of C$0.94. Slate Office REIT has a twelve month low of C$0.68 and a twelve month high of C$3.63. The stock has a market capitalization of C$58.44 million, a price-to-earnings ratio of -0.52 and a beta of 0.94.

Slate Office REIT Company Profile

(Get Free Report

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.

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Analyst Recommendations for Slate Office REIT (TSE:SOT.UN)

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