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 dropped by analysts at TD Securities from C$0.80 to C$0.75 in a research note issued on Wednesday, BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 10.29% from the stock’s previous close.

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 data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$1.22.

Slate Office REIT Price Performance

TSE:SOT.UN opened at C$0.68 on Wednesday. The company has a 50 day moving average price of C$0.76 and a 200-day moving average price of C$0.86. Slate Office REIT has a 1-year low of C$0.64 and a 1-year high of C$2.21. The firm has a market cap of C$54.43 million, a price-to-earnings ratio of -0.48 and a beta of 0.94. The company has a debt-to-equity ratio of 229.55, a current ratio of 0.56 and a quick ratio of 0.14.

Slate Office REIT Company Profile

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.