Slate Office REIT (TSE:SOT.UN - Get Free Report) had its target price cut by equities research analysts at TD Securities from C$0.80 to C$0.75 in a note issued to investors on Wednesday, BayStreet.CA reports. TD Securities' price target would suggest a potential upside of 10.29% from the company's current price.
Separately, Cormark raised shares of Slate Office REIT from a "reduce" rating to a "market perform" rating in a research report on Friday, March 8th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of C$1.22.
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Slate Office REIT Stock Down 4.2 %
Shares of TSE:SOT.UN traded down C$0.03 during midday trading on Wednesday, reaching C$0.68. The company had a trading volume of 60,753 shares, compared to its average volume of 65,699. The stock has a market capitalization of C$54.43 million, a P/E ratio of -0.48 and a beta of 0.94. The stock's fifty day moving average price is C$0.77 and its 200-day moving average price is C$0.87. The company has a debt-to-equity ratio of 229.55, a current ratio of 0.56 and a quick ratio of 0.14. Slate Office REIT has a one year low of C$0.64 and a one year high of C$2.21.
Slate Office REIT Company Profile
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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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