Brokerages Set Slate Office REIT (TSE:SOT.UN) PT at C$1.26

Slate Office REIT (TSE:SOT.UN - Get Free Report) has earned a consensus recommendation of "Reduce" from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$1.26.

Separately, Cormark raised shares of Slate Office REIT from a "reduce" rating to a "market perform" rating in a report on Friday, March 8th.

Slate Office REIT Stock Down 2.7 %

Shares of Slate Office REIT stock traded down C$0.02 during trading on Tuesday, hitting C$0.71. The company's stock had a trading volume of 52,927 shares, compared to its average volume of 72,833. 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 company has a fifty day simple moving average of C$0.81 and a two-hundred day simple moving average of C$0.94. The company has a market capitalization of C$56.84 million, a PE ratio of -0.50 and a beta of 0.94. Slate Office REIT has a 52 week low of C$0.68 and a 52 week high of C$3.63.

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.