Slate Office REIT (TSE:SOT) Cut to “Strong Sell” at Cibc World Mkts

Cibc World Mkts cut shares of Slate Office REIT (TSE:SOT) from a hold rating to a strong sell rating in a report published on Wednesday, Zacks.com reports.

Separately, Cormark downgraded shares of Slate Office REIT from a hold rating to a strong sell rating in a research report on Tuesday. Four analysts have rated the stock with a sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of Reduce.

Slate Office REIT Stock Performance

Slate Office REIT (TSE:SOT) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C($0.26) earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.31). The company had revenue of C$50.26 million for the quarter.