Brokerages set Slate Office REIT (TSE:SOT.UN) PT at $0.54

Shares of Slate Office REIT (TSE:SOT.UN – Get Your Free Report ) have earned a consensus recommendation of “Strong Sell” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $0.54.

SOT.UN has been the subject of several research reports. BMO Capital Markets downgraded Slate Office REIT from a “sector perform” rating to an “underperform” rating and decreased their target price for the company from $0.70 to $0.30 in a research report on Wednesday, 26 June. Royal Bank of Canada downgraded Slate Office REIT from a “sector perform” rating to an “underperform” rating and dropped their target price for the company from $0.70 to $0.30 in a research report on Wednesday. June 26. CIBC downgraded Slate Office REIT from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 26th. Finally, TD Securities downgraded Slate Office REIT from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $0.75 to $0.25 in a research report on Wednesday, June 26.

Check out the latest stock analysis on SOT.UN

Slate Office REIT price performance

Shares of Slate Office REIT stock opened at $0.37 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.14, and a debt-to-equity ratio of 329.26. The company has a market cap of $29.34 million, a PE ratio of -0.11 and a beta of 1.29. Slate Office REIT has a 12-month low of $0.21 and a 12-month high of $1.42. The stock has a 50 day moving average price of $0.35 and a two hundred day moving average price of $0.50.

About Slate Office REIT

(Get a free report

Slate Office REIT is an open-end real estate investment trust. The REIT’s portfolio currently comprises 43 strategic and well-located real estate assets primarily located in major Canadian population centers, including one asset in downtown Chicago, Illinois. The REIT focuses on maximizing value through internal organic leasing and increasing occupancy and strategic acquisitions.

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