Slate Office REIT (SOT.UN) Stock Rating Lowered by National Bank Financial

Slate Office REIT (TSE:SOT.UN) was downgraded by National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued on Tuesday. They presently have a C$8.25 price target on the stock, down from their previous price target of C$8.60. National Bank Financial’s price objective indicates a potential upside of 7.98% from the stock’s previous close.

Separately, BMO Capital Markets set a C$8.25 price target on Slate Office REIT and gave the stock a “market perform” rating in a research report on Thursday, January 4th.

Shares of Slate Office REIT (TSE SOT.UN) traded down C$0.12 during midday trading on Tuesday, hitting C$7.64. The stock had a trading volume of 96,227 shares, compared to its average volume of 257,428. Slate Office REIT has a 1-year low of C$7.48 and a 1-year high of C$8.46. The company has a market cap of $435.11 and a P/E ratio of 8.13.

COPYRIGHT VIOLATION WARNING: “Slate Office REIT (SOT.UN) Stock Rating Lowered by National Bank Financial” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/13/slate-office-reit-sot-un-stock-rating-lowered-by-national-bank-financial.html.

Slate Office REIT Company Profile

Slate Office REIT, formerly FAM Real Estate Investment Trust, is a Canada-based open-ended investment trust. The Trust focuses on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in Canada with an emphasis on office properties. The Trust has a portfolio that spans approximately four million square feet (sq.ft.) of gross leasable area (GLA) and consists of over 30 properties located across Canada.

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.

Leave a Reply