Slate Office REIT (OTCMKTS:SLTTF) has earned an average rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $5.25.
SLTTF has been the topic of several analyst reports. National Bank Financial lifted their price target on shares of Slate Office REIT from C$4.50 to C$5.50 and gave the company a “sector perform” rating in a research report on Monday, July 19th. BMO Capital Markets lifted their price target on shares of Slate Office REIT from C$4.00 to C$5.25 and gave the company a “market perform” rating in a research report on Monday, August 2nd. Raymond James initiated coverage on shares of Slate Office REIT in a research report on Thursday, August 19th. They set a “market perform” rating on the stock. Finally, CIBC assumed coverage on shares of Slate Office REIT in a research report on Thursday, September 2nd. They set a “neutral” rating on the stock.
Shares of OTCMKTS SLTTF traded down $0.02 during trading hours on Monday, reaching $4.24. 300 shares of the stock traded hands, compared to its average volume of 2,197. The company’s 50-day simple moving average is $4.25 and its two-hundred day simple moving average is $4.00. Slate Office REIT has a 52-week low of $2.55 and a 52-week high of $4.46.
Slate Office REIT engages in investment in a diversified portfolio of income-producing real property investments used for office purposes. It office properties include buildings and complexes providing office space for federal and provincial governments and various service companies. The company was founded on August 27, 2012 and is headquartered in Toronto, Canada.
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