Slate Office REIT (TSE:SOT.UN) Receives Consensus Rating of “Reduce” from Analysts

Shares of Slate Office REIT (TSE:SOT.UN) have been given an average rating of “Reduce” by the six analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$0.90.

Several research analysts have recently weighed in on the stock. TD Securities decreased their price objective on shares of Slate Office REIT from C$0.80 to C$0.75 in a report on Wednesday, April 24th. Cormark decreased their price objective on shares of Slate Office REIT from C$0.80 to C$0.65 in a report on Tuesday, May 7th. Finally, CIBC cut 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, May 6th.

Slate Office REIT Stock Up 5.2 %

Shares of Slate Office REIT stock opened at C$0.41 on Friday. The company has a debt-to-equity ratio of 234.35, a quick ratio of 0.14 and a current ratio of 0.51. The company has a 50-day simple moving average of C$0.60 and a two-hundred day simple moving average of C$0.73. Slate Office REIT has a 52-week low of C$0.37 and a 52-week high of C$2.04. The stock has a market capitalization of C$32.42 million, a PE ratio of -0.25 and a beta of 0.93.

Slate Office REIT Company Profile

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.