Slate Office REIT (TSE:SOT.UN) PT Lowered to C$0.75

Slate Office REIT (TSE:SOT.UN) had its price objective reduced by CIBC from C$1.00 to C$0.75 in a research note issued to investors on Monday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other analysts also recently issued reports on SOT.UN. Cormark raised Slate Office REIT from a reduce rating to a market perform rating in a report on Friday, March 8th. TD Securities decreased their price target on shares of Slate Office REIT from C$0.80 to C$0.75 in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of C$0.90.

Slate Office REIT Stock Down 2.9 %

Slate Office REIT stock opened at C$0.66 on Monday. The stock’s fifty day moving average is C$0.72 and its two-hundred day moving average is C$0.82. The firm has a market capitalization of C$52.83 million, a price-to-earnings ratio of -0.47 and a beta of 0.94. The company has a debt-to-equity ratio of 234.35, a quick ratio of 0.14 and a current ratio of 0.52. Slate Office REIT has a fifty-two week low of C$0.64 and a fifty-two week high of C$2.13.

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.