TSE:SOT.UN

Slate Office REIT Stock Forecast, Price & News

C$4.36

+0.04 (+0.93 %)

(As of 01/20/2021 04:00 PM ET)

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Today's Range

C$4.33

Now: C$4.36▼

C$4.38

50-Day Range

C$4.07

MA: C$4.21▼

C$4.35

52-Week Range

C$2.50

Now: C$4.36▼

C$5.94

Volume372,393 shs

Average Volume142,630 shs

Market CapitalizationC$295.46 million

P/E Ratio11.04

Dividend Yield9.25%

BetaN/A

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.

MarketRank^™

Overall MarketRank^™

1.86 out of 5 stars

1.5 Analyst's Opinion

Consensus Rating
Slate Office REIT has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$4.55, Slate Office REIT has a forecasted upside of 4.4% from its current price of C$4.36.
Amount of Analyst Coverage
Slate Office REIT has only been the subject of 1 research reports in the past 90 days.

2.6 Community Rank

Outperform Votes
Slate Office REIT has received 342 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Slate Office REIT has received 309 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Slate Office REIT has received 52.53% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Slate Office REIT and other stocks. Vote “Outperform” if you believe SOT.UN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SOT.UN will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Slate Office REIT is a leading dividend payer. It pays a dividend yield of 9.25%, 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.
Dividend Coverage
The dividend payout ratio of Slate Office REIT is 101.16%. Payout ratios above 75% are not desirable because they may not be sustainable.

1.7 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$39,840.00 in company stock and sold C$0.00 in company stock.

1.9 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Slate Office REIT is 11.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.73.
Price to Earnings Ratio vs. Sector
The P/E ratio of Slate Office REIT is 11.04, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 78.60.
Price to Book Value per Share Ratio
Slate Office REIT has a P/B Ratio of 0.48. 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

Industry, Sector and Symbol

Stock Exchange TSE

Industry REIT - Office

Sub-IndustryN/A

SectorReal Estate

Current SymbolTSE:SOT.UN

Previous SymbolTSE:F.UN

CUSIPN/A

CIKN/A

Webwww.slateofficereit.com

Phone+1-416-6444264

EmployeesN/A

Debt

Debt-to-Equity Ratio170.06

Current Ratio0.05

Quick Ratio0.03

Price-To-Earnings

Trailing P/E Ratio11.04

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesC$191.48 million

Price / Sales1.54

Cash FlowC$0.08 per share

Price / Cash Flow55.77

Book ValueC$9.01 per share

Price / Book0.48

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares67,765,000

Market CapC$295.46 million

Next Earnings DateN/A

OptionableNot Optionable

C$4.36

+0.04 (+0.93 %)

(As of 01/20/2021 04:00 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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Slate Office REIT (TSE:SOT.UN) Frequently Asked Questions

How has Slate Office REIT's stock been impacted by Coronavirus (COVID-19)?

Slate Office REIT's stock was trading at C$4.44 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SOT.UN stock has decreased by 1.8% and is now trading at C$4.36.
View which stocks have been most impacted by COVID-19.

Is Slate Office REIT a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Slate Office REIT in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Slate Office REIT stock.
View analyst ratings for Slate Office REIT or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Slate Office REIT?

Wall Street analysts have given Slate Office REIT a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Slate Office REIT wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

Slate Office REIT announced a monthly dividend on Thursday, October 29th. Stockholders of record on Monday, November 16th will be given a dividend of 0.0333 per share on Monday, November 16th. This represents a $0.40 dividend on an annualized basis and a yield of 9.17%. The ex-dividend date is Thursday, October 29th.
View Slate Office REIT's dividend history.

Is Slate Office REIT a good dividend stock?

Slate Office REIT pays an annual dividend of C$0.40 per share and currently has a dividend yield of 9.25%. SOT.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Slate Office REIT is 101.16%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Slate Office REIT's dividend history.

What price target have analysts set for SOT.UN?

2 analysts have issued 1-year target prices for Slate Office REIT's stock. Their forecasts range from C$4.00 to C$5.25. On average, they anticipate Slate Office REIT's share price to reach C$4.55 in the next year. This suggests a possible upside of 4.4% from the stock's current price.
View analysts' price targets for Slate Office REIT or view Wall Street analyst' top-rated stocks.

Who are some of Slate Office REIT's key competitors?

Some companies that are related to Slate Office REIT include Dream Office Real Estate Investment Trst (D.UN), Inovalis Real Estate Investment Trust (INO.UN), Owens Realty Mortgage (ORM), 360 Capital Group Limited (TGP.AX) (TGP), Allied Properties Real Estate Investment Trust (APYRF), APN Industria REIT (ADI.AX) (ADI), Asia Pacific Data Centre Group Stapled Securities (AJD.AX) (AJD), Australian Unity Office Fund (AOF.AX) (AOF), Befimmo SA (VJ6.F) (VJ6), Cromwell Property Group (CMW.AX) (CMW), Dream Global REIT (DUNDF), Empire State Realty OP (ESBA), Garda Property Group (GDF.AX) (GDF), GDI Property Group (GDI.AX) (GDI) and Investa Office Fund Stapled Securities (IOF.AX) (IOF).
View all of SOT.UN's competitors.

Who are Slate Office REIT's key executives?

Slate Office REIT's management team includes the following people:

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

What is Slate Office REIT's stock symbol?

Slate Office REIT trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SOT.UN."

How do I buy shares of Slate Office REIT?

Shares of SOT.UN 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.

What is Slate Office REIT's stock price today?

One share of SOT.UN stock can currently be purchased for approximately C$4.36.

How big of a company is Slate Office REIT?

Slate Office REIT has a market capitalization of C$295.46 million and generates C$191.48 million in revenue each year.

What is Slate Office REIT's official website?

The official website for Slate Office REIT is www.slateofficereit.com.

How can I contact Slate Office REIT?

Slate Office REIT's mailing address is 121 King St W Suite 200, TORONTO, ON M5H 3T9, Canada. The company can be reached via phone at +1-416-6444264.

This page was last updated on 1/20/2021 by MarketBeat.com Staff

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