Slate Office REIT (SOT.UN) Receives C$8.82 Consensus PT from Analysts
Slate Office REIT (TSE:SOT.UN) has earned a consensus rating of “Buy” from the six brokerages that are covering the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$8.82.
Several research analysts recently commented on the stock. Canaccord Genuity raised their price target on shares of 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. TD Securities reaffirmed a “buy” rating and issued a C$9.50 price target on shares of Slate Office REIT in a research note on Monday, November 7th. National Bank Financial raised their price target on shares of 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. Finally, CIBC reaffirmed an “outperform” rating and issued a C$9.20 price target on shares of Slate Office REIT in a research note on Tuesday, August 2nd.
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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