Shares of Slate Office REIT (TSE:SOT.UN) have earned an average rating of “Buy” from the six ratings firms that are covering the firm. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$8.82.
A number of brokerages have issued reports on SOT.UN. GMP Securities reaffirmed a “buy” rating on shares of Slate Office REIT in a research report on Tuesday, July 26th. TD Securities reaffirmed a “buy” rating and issued a C$9.50 target price on shares of Slate Office REIT in a research report on Thursday, September 8th. National Bank Financial upped their target price on Slate Office REIT from C$8.15 to C$8.75 and gave the company an “outperform” rating in a research report on Monday, August 8th. CIBC reaffirmed an “outperform” rating and issued a C$9.20 target price on shares of Slate Office REIT in a research report on Tuesday, August 2nd. Finally, Canaccord Genuity upped their target price on Slate Office REIT from C$8.00 to C$8.65 in a research report on Wednesday, July 27th.
Slate Office REIT Company Profile
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 4.4 million square feet (sq.ft.) of gross leasable area (GLA) and consists of over 30 properties located across Canada.
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