Slate Office REIT (TSE:SOT.UN - Get Free Report) shares hit a new 52-week low during trading on Wednesday after TD Securities lowered their price target on the stock from C$0.80 to C$0.75. The stock traded as low as C$0.64 and last traded at C$0.67, with a volume of 58753 shares. The stock had previously closed at C$0.71.
Separately, Cormark raised shares of Slate Office REIT from a "reduce" rating to a "market perform" rating in a report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, Slate Office REIT has an average rating of "Hold" and a consensus price target of C$1.22.
Check Out Our Latest Research Report on SOT.UN
Slate Office REIT Stock Down 4.2 %
The firm has a market cap of C$54.43 million, a price-to-earnings ratio of -0.48 and a beta of 0.94. The company has a debt-to-equity ratio of 229.55, a quick ratio of 0.14 and a current ratio of 0.56. The business's 50-day moving average is C$0.76 and its 200-day moving average is C$0.86.
About Slate Office REIT
(
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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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