National Bank Financial Lowers Slate Office REIT (SOT.UN) to Sector Perform
National Bank Financial lowered shares of Slate Office REIT (TSE:SOT.UN) from an outperform rating to a sector perform rating in a research note released on Tuesday morning. The brokerage currently has C$8.25 price target on the stock, down from their previous price target of C$8.60.
Separately, BMO Capital Markets set a C$8.25 price target on Slate Office REIT and gave the stock a market perform rating in a research note on Thursday, January 4th.
Slate Office REIT (TSE:SOT.UN) opened at C$7.72 on Tuesday. Slate Office REIT has a 52 week low of C$7.48 and a 52 week high of C$8.46. The stock has a market capitalization of $439.38 and a price-to-earnings ratio of 8.21.
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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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