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

Slate Office REIT (TSE:SOT.UN) had its price objective lowered by TD Securities from C$0.80 to C$0.75 in a report published on Wednesday, BayStreet.CA reports.

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

Slate Office REIT Trading Down 4.2 %

SOT.UN opened at C$0.68 on Wednesday. The firm’s fifty day moving average is C$0.76 and its two-hundred day moving average is C$0.86. The firm has a market cap of C$54.43 million, a PE ratio of -0.48 and a beta of 0.94. Slate Office REIT has a twelve month low of C$0.64 and a twelve month high of C$2.21. The company has a debt-to-equity ratio of 229.55, a quick ratio of 0.14 and a current ratio of 0.56.

About Slate Office REIT

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.