Slate Office REIT (TSE:SOT) Cut to Strong Sell at Royal Bank of Canada

Royal Bank of Canada lowered shares of Slate Office REIT (TSE:SOT) from a hold rating to a strong sell rating in a research note published on Wednesday morning, Zacks.com reports.

A number of other equities research analysts also recently weighed in on SOT. Cormark downgraded shares of Slate Office REIT from a hold rating to a strong sell rating in a research note on Tuesday, June 25th. Cibc World Mkts downgraded shares of Slate Office REIT from a hold rating to a strong sell rating in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, According to data from MarketBeat.com, the stock has an average rating of Reduce.

Slate Office REIT Stock Performance

Slate Office REIT (TSE:SOT) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.31). The firm had revenue of C$50.26 million for the quarter.