Slate Office REIT (TSE:SOT) Lowered to “Strong Sell” at TD Securities

TD Securities lowered shares of Slate Office REIT (TSE:SOT) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

A number of other analysts have also commented on SOT. Cormark lowered Slate Office REIT from a hold rating to a strong sell rating in a report on Tuesday, June 25th. Royal Bank of Canada lowered Slate Office REIT from a hold rating to a strong sell rating in a report on Wednesday. Finally, Cibc World Mkts lowered Slate Office REIT from a hold rating to a strong sell rating in a report on Wednesday. Four research analysts have rated the stock with a sell rating, According to data from MarketBeat.com, Slate Office REIT currently has an average rating of Reduce.

Slate Office REIT Price Performance

Slate Office REIT (TSE:SOT) last posted its earnings results on Thursday, May 2nd. The company reported C($0.26) earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.31). The business had revenue of C$50.26 million during the quarter.