TD Securities Lowers Slate Office REIT (SOT.UN) Price Target to C$6.50

Slate Office REIT (TSE:SOT.UN) had its target price reduced by analysts at TD Securities from C$7.00 to C$6.50 in a report released on Monday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 11.49% from the stock’s current price.

SOT.UN has been the topic of a number of other reports. BMO Capital Markets dropped their price target on shares of Slate Office REIT from C$7.00 to C$6.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 6th. CIBC dropped their price target on shares of Slate Office REIT from C$8.25 to C$7.00 in a research note on Tuesday, March 5th. Finally, National Bank Financial dropped their price target on shares of Slate Office REIT from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a research note on Tuesday, March 5th.

Shares of TSE:SOT.UN opened at C$5.83 on Monday. Slate Office REIT has a 12-month low of C$7.48 and a 12-month high of C$8.42.

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.

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