Slate Office REIT (TSE:SOT.UN) Price Target Cut to C$0.65 by Analysts at Cormark

Slate Office REIT (TSE:SOT.UN - Free Report) had its price objective lowered by Cormark from C$0.80 to C$0.65 in a research report released on Tuesday, BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. TD Securities decreased their target price on shares of Slate Office REIT from C$0.80 to C$0.75 in a research report on Wednesday, April 24th. CIBC decreased their target price on shares of Slate Office REIT from C$1.00 to C$0.75 and set a neutral rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of C$0.90.

Slate Office REIT Trading Up 1.5 %

TSE:SOT.UN traded up C$0.01 during trading hours on Tuesday, hitting C$0.67. The stock had a trading volume of 35,238 shares, compared to its average volume of 61,337. Slate Office REIT has a one year low of C$0.64 and a one year high of C$2.13. 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 market cap of C$53.63 million, a price-to-earnings ratio of -0.48 and a beta of 0.94. The business's 50 day moving average is C$0.73 and its 200-day moving average is C$0.82.

About Slate Office REIT

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.