Slate Office REIT (TSE:SOT.UN – Get Free Report) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.34 and traded as high as C$0.37. Slate Office REIT shares last traded at C$0.36, with a volume of 55,981 shares traded.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on SOT.UN shares. BMO Capital Markets cut Slate Office REIT from a “sector perform” rating to an “underperform” rating and cut their price target for the company from C$0.70 to C$0.30 in a research note on Wednesday, June 26th. CIBC cut Slate Office REIT from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 26th. TD Securities cut shares of Slate Office REIT from a “hold” rating to a “sell” rating and cut their price objective for the stock from C$0.75 to C$0.25 in a research report on Wednesday, June 26th. Royal Bank of Canada cut shares of Slate Office REIT from a “sector perform” rating to an “underperform” rating and dropped their target price for the company from C$0.70 to C$0.30 in a research report on Wednesday, June 26th. Finally, Cormark reduced their price target on shares of Slate Office REIT from C$0.80 to C$0.65 in a research report on Tuesday, May 7th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of C$0.54.
Get Our Latest Stock Report on Slate Office REIT
Slate Office REIT Stock Performance
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.
Featured Articles
- Five stocks we like better than Slate Office REIT
- Stock Analyst Ratings and Canadian Analyst Ratings
- CAVA Stock Rallies as Earnings Confirm It’s a Top Growth Play
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- 3 High Short-Interest Stocks Poised for a Rate Cut Squeeze
- What Do S&P 500 Stocks Tell Investors About the Market?
- MarketBeat Week in Review – 8/19 – 8/23
Receive News & Ratings for Slate Office REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Slate Office REIT and related companies with MarketBeat.com's FREE daily email newsletter.