Slate Office REIT (TSE:SOT.UN) PT Lowered to C$0.75 at TD Securities

Slate Office REIT (TSE:SOT.UN) had its price target decreased by stock analysts at TD Securities from C$0.80 to C$0.75 in a research report issued on Wednesday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 11.94% from the stock’s previous close.

Separately, Cormark upgraded Slate Office REIT from a “reduce” rating to a “market perform” rating in a report on Friday, March 8th. One 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, Slate Office REIT presently has an average rating of “Hold” and an average target price of C$1.22.

Slate Office REIT Stock Performance

SOT.UN traded down C$0.04 on Wednesday, reaching C$0.67. The company had a trading volume of 58,753 shares, compared to its average volume of 65,674. The stock has a market cap of C$53.63 million, a P/E ratio of -0.48 and a beta of 0.94. 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’s fifty day moving average is C$0.77 and its 200 day moving average is C$0.87. Slate Office REIT has a fifty-two week low of C$0.64 and a fifty-two week high of C$2.21.

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.