Should I buy or sell Slate Office REIT stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Slate Office REIT in the last year. There are currently 2 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" SOT.UN shares. View SOT.UN analyst ratings or view top-rated stocks .

What is Slate Office REIT's stock price target for 2024?

6 Wall Street analysts have issued 1 year price objectives for Slate Office REIT's shares. Their SOT.UN share price targets range from C$0.80 to C$2.75. On average, they predict the company's stock price to reach C$1.26 in the next year. This suggests a possible upside of 55.2% from the stock's current price. View analysts price targets for SOT.UN or view top-rated stocks among Wall Street analysts .

How have SOT.UN shares performed in 2023?

Slate Office REIT's stock was trading at C$4.32 at the start of the year. Since then, SOT.UN stock has decreased by 81.3% and is now trading at C$0.81. View the best growth stocks for 2023 here .

How often does Slate Office REIT pay dividends? What is the dividend yield for Slate Office REIT?

Slate Office REIT declared a monthly dividend on Thursday, April 27th. Investors of record on Monday, May 15th will be given a dividend of 0.01 per share on Monday, May 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 14.81%. The ex-dividend date of this dividend is Thursday, April 27th. Read our dividend analysis for SOT.UN .

Is Slate Office REIT a good dividend stock?

Slate Office REIT (TSE:SOT.UN) pays an annual dividend of C$0.12 per share and currently has a dividend yield of 14.12%. SOT.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for SOT.UN .

How do I buy shares of Slate Office REIT?

Shares of SOT.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Slate Office REIT Stock Price, News & Analysis (TSE:SOT.UN)

C$0.81

+0.01 (+1.25%)

(As of 12/1/2023 ET)

Compare

Today's Range: C$0.79
▼
C$0.81
50-Day Range: C$0.80
▼
C$1.39
52-Week Range: C$0.76
▼
C$4.67

Volume: 136,634 shs
Average Volume: 177,470 shs
Market Capitalization: C$64.82 million

P/E Ratio: N/A
Dividend Yield: 14.81%
Price Target: C$1.26

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Insider Trades

Slate Office REIT MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.67 Rating Score
Upside/Downside: 55.2% Upside
C$1.26 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
C$10,607 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.18 out of 5 stars

3.8

Analyst's Opinion

Consensus Rating
Slate Office REIT has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 4 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$1.26, Slate Office REIT has a forecasted upside of 55.2% from its current price of C$0.81.
Amount of Analyst Coverage
Slate Office REIT has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for SOT.UN.

1.7

Dividend Strength

Dividend Leadership
Slate Office REIT is a leading dividend payer. It pays a dividend yield of 14.12%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Slate Office REIT does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SOT.UN.

0.6

News and Social Media Coverage

Search Interest
1 people have searched for SOT.UN on MarketBeat in the last 30 days.
MarketBeat Follows
Only 2 people have added Slate Office REIT to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Slate Office REIT insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$10,607.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
18.36% of the stock of Slate Office REIT is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 4.76% of the stock of Slate Office REIT is held by institutions.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Slate Office REIT is -0.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Slate Office REIT is -0.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Slate Office REIT has a P/B Ratio of 0.11. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Slate Office REIT Stock (TSE:SOT.UN)

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.

SOT.UN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SOT.UN Stock News Headlines

November 16, 2023 | finance.yahoo.com

Slate Office REIT Posts Q3 2023 Earnings Call Transcript and Investor Update

November 15, 2023 | morningstar.com

Slate Office REIT SOT.UN

December 3, 2023 | DTI Trader (Ad)

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November 14, 2023 | barrons.com

Slate Office REIT Reports Third Quarter 2023 Results and Announces Portfolio Realignment Plan

October 16, 2023 | finance.yahoo.com

Slate Office REIT to Release Third Quarter 2023 Financial Results

October 16, 2023 | finance.yahoo.com

Slate Office REIT Announces Distribution for the Month of October 2023

August 23, 2023 | theglobeandmail.com

Closing Bell: Slate Office REIT flat on Wednesday (SOT-UN)

August 8, 2023 | markets.businessinsider.com

Raymond James Keeps a Hold Rating on Slate Office REIT (SOT.UN)

December 3, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

August 3, 2023 | uk.finance.yahoo.com

Slate Office REIT Posts Q2 2023 Earnings Call Transcript and Investor Update

July 21, 2023 | theglobeandmail.com

Slate Office REIT: Bottom 25 Performing Stocks Year-to-Date on TSX (SOT-UN)

July 5, 2023 | finance.yahoo.com

Slate Office REIT to Release Second Quarter 2023 Financial Results

June 15, 2023 | finance.yahoo.com

Slate Office REIT Announces Distribution for the Month of June 2023

May 31, 2023 | uk.finance.yahoo.com

SLTTF - Slate Office REIT

May 18, 2023 | theglobeandmail.com

Closing Bell: Slate Office REIT flat on Thursday (SOT-UN)

April 29, 2023 | theglobeandmail.com

Closing Bell: Slate Office REIT flat on Friday (SOT-UN)

April 19, 2023 | seekingalpha.com

SOT.UN:CA

April 15, 2023 | theglobeandmail.com

Closing Bell: Slate Office REIT down on Friday (SOT-UN)

April 13, 2023 | yahoo.com

CIBC sours on office REITs, cuts multiple price targets

April 11, 2023 | theglobeandmail.com

Closing Bell: Slate Office REIT flat on Monday (SOT-UN)

April 6, 2023 | theglobeandmail.com

Closing Bell: Slate Office REIT down on Wednesday (SOT-UN)

April 5, 2023 | theglobeandmail.com

Closing Bell: Slate Office REIT down on Tuesday (SOT-UN)

January 4, 2023 | nz.finance.yahoo.com

Shareholders in Slate Office REIT (TSE:SOT.UN) are in the red if they invested five years ago

October 27, 2022 | finance.yahoo.com

Slate Office REIT Receives Requisition for Unitholder Meeting

October 18, 2022 | finance.yahoo.com

IIROC Trade Resumption - SOT.UN

September 23, 2022 | ca.finance.yahoo.com

Beat 7% Inflation With 2 High-Yield REITs

June 10, 2022 | ca.finance.yahoo.com

These REITs Pay Dividends Over 6%

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: REIT - Office
Sub-Industry: N/A
Sector: Real Estate
Current Symbol: TSE:SOT.UN
Previous Symbol: TSE:F.UN
CUSIP: N/A
CIK: N/A
Web: www.slateofficereit.com
Phone: +1-416-6444264
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$1.26
High Stock Price Target: C$2.75
Low Stock Price Target: C$0.80
Potential Upside/Downside: +55.2%
Consensus Rating: Reduce
Rating Score (0-4): 1.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($1.84)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: C$-145,280,000.00
Net Margins: -73.57%
Pretax Margin: N/A
Return on Equity: -22.24%
Return on Assets: 1.18%

Debt

Debt-to-Equity Ratio: 209.49
Current Ratio: 0.29
Quick Ratio: 0.14

Sales & Book Value

Annual Sales: C$197.47 million
Price / Sales: 0.33
Cash Flow: C$0.08 per share
Price / Cash Flow: 9.61
Book Value: C$7.14 per share
Price / Book: 0.11

Miscellaneous

Outstanding Shares: 80,020,000
Free Float: N/A
Market Cap: C$64.82 million
Optionable: Not Optionable
Beta: 1.17

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Key Executives

Mr. Scott Raymond Antoniak
Chief Exec. Officer
Mr. Robert Armstrong
Chief Financial Officer
Mr. Steve Hodgson
Chief Operating Officer
Ms. Katie Fasken
Associate, Bus. Devel. & Investor Relations
Ms. Erisa Vieira
Legal Counsel

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

SOT.UN Stock Analysis - Frequently Asked Questions

Should I buy or sell Slate Office REIT stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Slate Office REIT in the last year. There are currently 2 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" SOT.UN shares.
View SOT.UN analyst ratings or view top-rated stocks.
What is Slate Office REIT's stock price target for 2024?: 6 Wall Street analysts have issued 1 year price objectives for Slate Office REIT's shares. Their SOT.UN share price targets range from C$0.80 to C$2.75. On average, they predict the company's stock price to reach C$1.26 in the next year. This suggests a possible upside of 55.2% from the stock's current price.
View analysts price targets for SOT.UN or view top-rated stocks among Wall Street analysts.
How have SOT.UN shares performed in 2023?: Slate Office REIT's stock was trading at C$4.32 at the start of the year. Since then, SOT.UN stock has decreased by 81.3% and is now trading at C$0.81.
View the best growth stocks for 2023 here.
How often does Slate Office REIT pay dividends? What is the dividend yield for Slate Office REIT?: Slate Office REIT declared a monthly dividend on Thursday, April 27th. Investors of record on Monday, May 15th will be given a dividend of 0.01 per share on Monday, May 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 14.81%. The ex-dividend date of this dividend is Thursday, April 27th.
Read our dividend analysis for SOT.UN.

Is Slate Office REIT a good dividend stock?: Slate Office REIT (TSE:SOT.UN) pays an annual dividend of C$0.12 per share and currently has a dividend yield of 14.12%. SOT.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for SOT.UN.
How do I buy shares of Slate Office REIT?: Shares of SOT.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:SOT.UN) was last updated on 12/3/2023 by MarketBeat.com Staff

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Slate Office REIT Stock Price, News & Analysis (TSE:SOT.UN)

Slate Office REIT MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Slate Office REIT Stock (TSE:SOT.UN)

SOT.UN Stock Price History

SOT.UN Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

SOT.UN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™