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

Slate Office REIT (TSE:SOT.UN) had its target price reduced by CIBC from C$1.00 to C$0.75 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 11.94% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Cormark upgraded Slate Office REIT from a “reduce” rating to a “market perform” rating in a research report on Friday, March 8th. TD Securities dropped their price target on shares of Slate Office REIT from C$0.80 to C$0.75 in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$0.90.

Slate Office REIT Trading Up 1.5 %

Shares of Slate Office REIT stock opened at C$0.67 on Monday. Slate Office REIT has a fifty-two week low of C$0.64 and a fifty-two week high of C$2.13. 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 company has a market cap of C$53.63 million, a P/E ratio of -0.48 and a beta of 0.94. The firm has a 50-day simple moving average of C$0.73 and a two-hundred day simple moving average of C$0.82.

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.