Slate Retail REIT (SRT.UN) Price Target Cut to C$12.00 by Analysts at BMO Capital Markets
Slate Retail REIT (TSE:SRT.UN) had its target price decreased by equities researchers at BMO Capital Markets from C$12.75 to C$12.00 in a research note issued to investors on Friday. BMO Capital Markets’ price objective would indicate a potential upside of 1.61% from the stock’s current price.
Several other analysts have also commented on the stock. Royal Bank of Canada lowered their price objective on shares of Slate Retail REIT from C$11.00 to C$10.50 and set a “sector perform” rating for the company in a report on Wednesday, February 21st. Raymond James Financial decreased their target price on shares of Slate Retail REIT from C$11.50 to C$11.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Finally, National Bank Financial decreased their target price on shares of Slate Retail REIT from C$12.00 to C$11.60 and set an “outperform” rating for the company in a research note on Monday, November 6th.
Shares of Slate Retail REIT (TSE:SRT.UN) opened at C$11.81 on Friday. Slate Retail REIT has a 1-year low of C$11.55 and a 1-year high of C$15.35. The company has a market cap of $513.76, a PE ratio of 17.12 and a beta of 0.04.
Slate Retail REIT (the REIT) is a Canada-based unincorporated open-ended real estate investment trust. The REIT focuses on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States with an emphasis on grocery-anchored retail properties.
Receive News & Ratings for Slate Retail REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Slate Retail REIT and related companies with MarketBeat.com's FREE daily email newsletter.