Slate Office REIT (SOT.UN) Receives C$8.82 Consensus Price Target from Brokerages
Slate Office REIT (TSE:SOT.UN) has earned an average recommendation of “Buy” from the six research firms that are covering the firm. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$8.82.
Several brokerages have issued reports on SOT.UN. CIBC reaffirmed an “outperform” rating and issued a C$9.20 target price on shares of Slate Office REIT in a research note on Tuesday, August 2nd. National Bank Financial upped their target price on Slate Office REIT from C$8.15 to C$8.75 and gave the stock an “outperform” rating in a research note on Monday, August 8th. Canaccord Genuity upped their target price on Slate Office REIT from C$8.00 to C$8.65 in a research note on Wednesday, July 27th. GMP Securities reaffirmed a “buy” rating on shares of Slate Office REIT in a research note on Tuesday, July 26th. Finally, TD Securities upped their target price on Slate Office REIT from C$8.50 to C$9.50 and gave the stock a “buy” rating in a research note on Monday, August 8th.
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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