Slate Office REIT (TSE:SOT.UN) PT Lowered to C$0.75 at TD Securities

Slate Office REIT (TSE:SOT.UN) had its target price reduced by TD Securities from C$0.80 to C$0.75 in a report released on Wednesday, BayStreet.CA reports.

Separately, Cormark raised shares of Slate Office REIT from a reduce rating to a market perform rating in a research note on Friday, March 8th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, Slate Office REIT currently has an average rating of Hold and an average price target of C$1.22.

Slate Office REIT Stock Up 2.9 %

SOT.UN stock opened at C$0.70 on Wednesday. Slate Office REIT has a one year low of C$0.64 and a one year high of C$2.21. The company has a debt-to-equity ratio of 229.55, a quick ratio of 0.14 and a current ratio of 0.56. The firm has a market cap of C$56.04 million, a PE ratio of -0.50 and a beta of 0.94. The firm’s 50 day moving average price is C$0.75 and its 200-day moving average price is C$0.86.

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.