Shares of Slate Office REIT (TSE:SOT.UN – Get Free Report) have earned a consensus rating of “Strong Sell” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$0.54.
Several equities research analysts recently commented on SOT.UN shares. BMO Capital Markets cut Slate Office REIT from a “sector perform” rating to an “underperform” rating and decreased their target price for the stock from C$0.70 to C$0.30 in a research note on Wednesday, June 26th. Royal Bank of Canada cut Slate Office REIT from a “sector perform” rating to an “underperform” rating and reduced their price objective for the company from C$0.70 to C$0.30 in a research note on Wednesday, June 26th. CIBC cut Slate Office REIT from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 26th. Finally, TD Securities cut Slate Office REIT from a “hold” rating to a “sell” rating and reduced their price objective for the company from C$0.75 to C$0.25 in a research note on Wednesday, June 26th.
Get Our Latest Analysis on SOT.UN
Slate Office REIT Trading Up 1.4 %
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.
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