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

Slate Office REIT (TSE:SOT) was downgraded by Royal Bank of Canada from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday, Zacks.com reports.

SOT has been the subject of several other research reports. Cibc World Mkts lowered shares of Slate Office REIT from a “hold” rating to a “strong sell” rating in a report on Wednesday. Cormark cut shares of Slate Office REIT from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Four analysts have rated the stock with a sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Slate Office REIT Price Performance

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