Slate Office REIT (TSE:SOT.UN)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.74 and traded as low as $3.66. Slate Office REIT shares last traded at $3.72, with a volume of 197,455 shares trading hands.
A number of research firms have recently weighed in on SOT.UN. TD Securities raised shares of Slate Office REIT from a “hold” rating to a “buy” rating and reduced their target price for the company from C$6.00 to C$5.00 in a research report on Wednesday, April 1st. BMO Capital Markets cut their price objective on shares of Slate Office REIT from C$5.00 to C$4.00 in a report on Monday, May 18th. CIBC cut their price objective on shares of Slate Office REIT from C$6.00 to C$5.25 in a report on Sunday, May 17th. Canaccord Genuity raised their price objective on shares of Slate Office REIT from C$4.00 to C$4.50 in a report on Monday, May 18th. Finally, National Bank Financial cut their price objective on shares of Slate Office REIT from C$6.25 to C$4.25 and set an “outperform” rating for the company in a report on Tuesday, April 14th.
The company’s fifty day moving average is C$3.74 and its 200 day moving average is C$4.82. The company has a market capitalization of $254.12 million and a P/E ratio of 6.25. The company has a current ratio of 0.06, a quick ratio of 0.04 and a debt-to-equity ratio of 172.01.
About Slate Office REIT (TSE:SOT.UN)
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.
Read More: 52 Week Highs
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.