Slate Office REIT (SOT.UN) Sets New 1-Year Low at $6.95
Shares of Slate Office REIT (TSE:SOT.UN) reached a new 52-week low on Wednesday . The stock traded as low as C$6.95 and last traded at C$7.01, with a volume of 65396 shares. The stock had previously closed at C$6.98.
Several research firms have recently weighed in on SOT.UN. National Bank Financial raised their price objective on shares of Slate Office REIT from C$7.75 to C$8.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 8th. TD Securities dropped their price objective on shares of Slate Office REIT from C$9.00 to C$8.50 and set a “buy” rating for the company in a report on Wednesday, August 8th. CIBC raised their price objective on shares of Slate Office REIT from C$8.00 to C$8.25 in a report on Wednesday, August 8th. Finally, Canaccord Genuity lowered shares of Slate Office REIT from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$8.50 to C$7.75 in a report on Wednesday, November 7th. Five analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of C$7.90.
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About Slate Office REIT (TSE:SOT.UN)
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.
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