Slate Office REIT (TSE:SOT) Downgraded by Royal Bank of Canada

Royal Bank of Canada lowered shares of Slate Office REIT (TSE:SOT) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday, Zacks.com reports.

A number of other brokerages have also commented on SOT. Cormark lowered Slate Office REIT from a hold rating to a strong sell rating in a report on Tuesday. Cibc World Mkts lowered Slate Office REIT from a hold rating to a strong sell rating in a report on Wednesday. Four analysts have rated the stock with a sell rating, According to MarketBeat.com, the company presently has an average rating of Reduce.

Slate Office REIT Price Performance

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