Slate Office REIT (TSE:SOT.UN) Stock Price Passes Below Fifty Day Moving Average of $3.72

Shares of Slate Office REIT (TSE:SOT.UN) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.72 and traded as low as $3.68. Slate Office REIT shares last traded at $3.67, with a volume of 98,625 shares trading hands.

A number of research analysts have commented on SOT.UN shares. BMO Capital Markets reduced their price objective on shares of Slate Office REIT from C$5.00 to C$4.00 in a research note on Monday, May 18th. CIBC reduced their price objective on shares of Slate Office REIT from C$6.00 to C$5.25 in a research note on Sunday, May 17th. National Bank Financial reduced their price objective on shares of Slate Office REIT from C$4.25 to C$4.00 in a research note on Thursday, June 25th. Finally, Canaccord Genuity increased their price objective on shares of Slate Office REIT from C$4.00 to C$4.50 in a research note on Monday, May 18th.

The company has a debt-to-equity ratio of 172.01, a current ratio of 0.06 and a quick ratio of 0.04. The firm has a market capitalization of $250.05 million and a price-to-earnings ratio of 6.04. The firm’s fifty day moving average is C$3.72 and its 200 day moving average is C$4.29.

About Slate Office REIT (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.

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