Slate Office REIT (TSE:SOT) Lifted to Hold at Cormark

Cormark upgraded shares of Slate Office REIT (TSE:SOT) from a strong sell rating to a hold rating in a report issued on Friday, Zacks.com reports.

Several other brokerages also recently commented on SOT. TD Securities downgraded shares of Slate Office REIT from a hold rating to a strong sell rating in a research report on Wednesday, June 26th. Royal Bank of Canada cut Slate Office REIT from a hold rating to a strong sell rating in a report on Wednesday, June 26th. Finally, Cibc World Mkts lowered Slate Office REIT from a hold rating to a strong sell rating in a research note on Wednesday, June 26th.

Slate Office REIT Stock Performance

Slate Office REIT (TSE:SOT) last released its earnings results on Thursday, August 8th. The company reported C($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($1.81). The firm had revenue of C$49.57 million during the quarter.

About Slate Office REIT

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.