Slate Office REIT (TSE:SOT.UN) PT Lowered to C$0.65 at Cormark

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

Several other research analysts also recently issued reports on SOT.UN. TD Securities reduced their price objective on Slate Office REIT from C$0.80 to C$0.75 in a report on Wednesday, April 24th. CIBC cut their price target on Slate Office REIT from C$1.00 to C$0.75 and set a neutral rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Slate Office REIT presently has an average rating of Hold and an average price target of C$0.90.

Slate Office REIT Trading Up 1.5 %

Shares of TSE SOT.UN opened at C$0.67 on Tuesday. Slate Office REIT has a 1-year low of C$0.64 and a 1-year high of C$2.13. 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 company has a 50-day moving average of C$0.73 and a two-hundred day moving average of C$0.82. The company has a market cap of C$53.63 million, a PE ratio of -0.48 and a beta of 0.94.

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.