Slate Office REIT (TSE:SOT) Downgraded by Cibc World Mkts to “Strong Sell”

Slate Office REIT (TSE:SOT) was downgraded by investment analysts at Cibc World Mkts from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

Separately, Cormark cut Slate Office REIT from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Four analysts have rated the stock with a sell rating, According to MarketBeat, the company presently has an average rating of “Reduce”.

Slate Office REIT Stock Performance

Slate Office REIT (TSE:SOT) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C($0.26) EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.31). The business had revenue of C$50.26 million during the quarter.