Slate Retail REIT (SRT.UN) Price Target Lowered to C$11.00 at Royal Bank Of Canada
Slate Retail REIT (TSE:SRT.UN) had its price target decreased by equities researchers at Royal Bank Of Canada from C$11.25 to C$11.00 in a research report issued on Monday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential downside of 15.90% from the stock’s current price.
Separately, National Bank Financial decreased their price target on shares of Slate Retail REIT from C$12.00 to C$11.60 and set an “outperform” rating for the company in a report on Monday.
Slate Retail REIT (TSE:SRT.UN) traded down C$0.11 during midday trading on Monday, hitting C$13.08. 40,458 shares of the company’s stock were exchanged, compared to its average volume of 24,781. Slate Retail REIT has a fifty-two week low of C$12.99 and a fifty-two week high of C$15.35.
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Slate Retail REIT Company Profile
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.
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