Slate Office REIT (TSE:SOT) Downgraded to Strong Sell at TD Securities

TD Securities cut shares of Slate Office REIT (TSE:SOT) from a hold rating to a strong sell rating in a research note released on Wednesday, Zacks.com reports.

Several other research analysts have also commented on SOT. Royal Bank of Canada lowered shares of Slate Office REIT from a hold rating to a strong sell rating in a research note on Wednesday. Cormark lowered shares of Slate Office REIT from a hold rating to a strong sell rating in a research note on Tuesday. Finally, Cibc World Mkts lowered shares of Slate Office REIT from a hold rating to a strong sell rating in a research note on Wednesday. Four analysts have rated the stock with a sell rating, According to MarketBeat, the company presently has an average rating of Reduce.

Slate Office REIT Stock Performance

Slate Office REIT (TSE:SOT) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C($0.26) earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.31). The company had revenue of C$50.26 million for the quarter.