Slate Office REIT (TSE:SOT.UN) Price Target Cut to C$0.75 by Analysts at CIBC

Slate Office REIT (TSE:SOT.UN) had its target price trimmed by CIBC from C$1.00 to C$0.75 in a research report report published on Monday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on SOT.UN. TD Securities reduced their target price on shares of Slate Office REIT from C$0.80 to C$0.75 in a research note on Wednesday, April 24th. Cormark raised shares of Slate Office REIT from a reduce rating to a market perform rating in a research note on Friday, March 8th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of C$0.90.

Slate Office REIT Price Performance

Slate Office REIT stock opened at C$0.68 on Monday. The company has a market cap of C$54.43 million, a price-to-earnings ratio of -0.48 and a beta of 0.94. The firm’s fifty day moving average is C$0.73 and its 200 day moving average is C$0.82. The company has a quick ratio of 0.14, a current ratio of 0.52 and a debt-to-equity ratio of 234.35. Slate Office REIT has a 52-week low of C$0.64 and a 52-week high of C$2.13.

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.