Slate Office REIT (TSE:SOT.UN) Sets New 52-Week Low at $0.66

Slate Office REIT (TSE:SOT.UN) hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.66 and last traded at C$0.68, with a volume of 60012 shares changing hands. The stock had previously closed at C$0.69.

Wall Street Analysts Forecast Growth

Separately, Cormark raised shares of Slate Office REIT from a “reduce” rating to a “market perform” rating in a report on Friday, March 8th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$1.26.

Slate Office REIT Trading Down 1.4 %

The company’s fifty day moving average is C$0.79 and its two-hundred day moving average is C$0.89. The stock has a market cap of C$54.43 million, a price-to-earnings ratio of -0.49 and a beta of 0.94. The company has a quick ratio of 0.14, a current ratio of 0.56 and a debt-to-equity ratio of 229.55.

About Slate Office REIT

Slate Office REIT is an open-ended real estate investment trust. The REIT's portfolio currently comprises 43 strategic and well-located real estate assets located primarily across Canada's major population centres including one downtown asset in Chicago, Illinois. The REIT is focused on maximizing value through internal organic rental and occupancy growth and strategic acquisitions.