Slate Office REIT (TSE:SOT) Cut to Strong Sell at TD Securities

TD Securities downgraded shares of Slate Office REIT (TSE:SOT) from a hold rating to a strong sell rating in a research report released on Wednesday morning, Zacks.com reports.

A number of other research analysts have also recently commented on the company. Cibc World Mkts cut Slate Office REIT from a hold rating to a strong sell rating in a research note on Wednesday. Royal Bank of Canada cut Slate Office REIT from a hold rating to a strong sell rating in a research note on Wednesday. Finally, Cormark cut Slate Office REIT from a hold rating to a strong sell rating in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of Reduce.

Slate Office REIT Price Performance

Slate Office REIT (TSE:SOT) last released its quarterly earnings data 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 business had revenue of C$50.26 million during the quarter.