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

Slate Office REIT (TSE:SOT.UN) had its target price decreased by TD Securities from C$0.80 to C$0.75 in a research report report published on Wednesday morning, BayStreet.CA reports.

Separately, Cormark upgraded Slate Office REIT from a reduce rating to a market perform rating in a research 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of C$1.22.

Slate Office REIT Price Performance

TSE:SOT.UN opened at C$0.70 on Wednesday. Slate Office REIT has a 52 week low of C$0.64 and a 52 week high of C$2.21. The company has a quick ratio of 0.14, a current ratio of 0.56 and a debt-to-equity ratio of 229.55. The stock has a market capitalization of C$56.04 million, a PE ratio of -0.50 and a beta of 0.94. The stock’s 50-day moving average price is C$0.75 and its 200-day moving average price is C$0.85.

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.