Slate Office REIT (TSE:SOT.UN) Given Buy Rating at Cormark

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Cormark reissued their buy rating on shares of Slate Office REIT (TSE:SOT.UN) in a research note issued to investors on Thursday, reports. Cormark currently has a C$5.25 price target on the stock.

Shares of TSE:SOT.UN traded down C$0.01 on Thursday, hitting C$4.39. The company had a trading volume of 8,228 shares, compared to its average volume of 217,622. The firm’s 50-day simple moving average is C$4.43 and its two-hundred day simple moving average is C$4.16. Slate Office REIT has a 1 year low of C$3.23 and a 1 year high of C$4.59. The company has a quick ratio of 0.10, a current ratio of 0.13 and a debt-to-equity ratio of 170.38. The firm has a market capitalization of C$297.49 million and a price-to-earnings ratio of 21.89.

About Slate Office REIT

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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