Slate Office REIT (TSE:SOT.UN – Get Free Report) reached a new 52-week low during trading on Wednesday after TD Securities lowered their price target on the stock from C$0.80 to C$0.75. The stock traded as low as C$0.64 and last traded at C$0.67, with a volume of 58753 shares. The stock had previously closed at C$0.71.
Separately, Cormark upgraded shares of Slate Office REIT from a “reduce” rating to a “market perform” rating in a report on Friday, March 8th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, Slate Office REIT currently has an average rating of “Hold” and a consensus price target of C$1.22.
View Our Latest Stock Analysis on SOT.UN
Slate Office REIT Price Performance
About Slate Office REIT
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.
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