Slate Office REIT to Issue Monthly Dividend of $0.06 (SOT.UN)
Slate Office REIT (TSE:SOT.UN) declared a monthly dividend on Thursday, September 27th, TickerTech reports. Investors of record on Monday, October 15th will be paid a dividend of 0.0625 per share on Monday, October 15th. This represents a $0.75 annualized dividend and a dividend yield of 9.36%. The ex-dividend date is Thursday, September 27th.
Shares of TSE SOT.UN traded down C$0.04 during mid-day trading on Wednesday, hitting C$8.01. The stock had a trading volume of 172,303 shares, compared to its average volume of 219,817. Slate Office REIT has a 1 year low of C$7.48 and a 1 year high of C$8.42.
Several research analysts recently commented on SOT.UN shares. National Bank Financial lifted their target price on shares of Slate Office REIT from C$7.75 to C$8.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 8th. TD Securities reduced their price objective on shares of Slate Office REIT from C$9.00 to C$8.50 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. CIBC boosted their price objective on shares of Slate Office REIT from C$8.00 to C$8.25 in a research report on Wednesday, August 8th. Finally, Canaccord Genuity reduced their price objective on shares of Slate Office REIT from C$8.40 to C$8.00 in a research report on Tuesday, July 3rd.
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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