Slate Office REIT (TSE:SOT.UN) Given New C$0.75 Price Target at TD Securities

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

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 equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of C$1.22.

Slate Office REIT Stock Down 4.2 %

Shares of TSE:SOT.UN opened at C$0.68 on Wednesday. The company has a market capitalization of C$54.43 million, a P/E ratio of -0.48 and a beta of 0.94. The stock’s fifty day simple moving average is C$0.76 and its 200-day simple moving average is C$0.86. Slate Office REIT has a 52-week low of C$0.64 and a 52-week high of C$2.21. The company has a quick ratio of 0.14, a current ratio of 0.56 and a debt-to-equity ratio of 229.55.

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.