In a new note to investors yesterday, an analyst has provided a rating update for Slate Office REIT (SOT.UN – Research Report). Analyst Jonathan Kelcher from TD Securities rated Slate Office REIT (SOT.UN – Research Report) a Hold, setting a C$7.50 price target.
Kelcher has an average return of 5.0% when recommending Slate Office REIT.
According to TipRanks.com, Kelcher is ranked #754 out of 5120 analysts.
Slate Office REIT has an analyst consensus of Moderate Buy, with a price target consensus of C$7.58, a 25.1% upside from current levels. In a report issued on January 4, Canaccord Genuity also reiterated a Hold rating on the stock with a C$6 price target.
Based on Slate Office REIT’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$17.7 million. In comparison, last year the company had a net profit of C$14.17 million.
Slate Office REIT is an open-ended real estate investment trust. It focuses on the acquisition, holding, development, maintenance, improvement, leasing, and management of properties. The company was founded in August 27, 2012 and is headquartered in Toronto, Canada.
The company’s shares closed on Monday at C$6.06, close to its 52-week low of C$5.65.