Slate Office REIT (TSE:SOT) Lifted to Hold at Cormark

Cormark upgraded shares of Slate Office REIT (TSE:SOT) from a strong sell rating to a hold rating in a research note issued to investors on Friday, Zacks.com reports.

Several other analysts also recently commented on SOT. Royal Bank of Canada downgraded Slate Office REIT from a hold rating to a strong sell rating in a research note on Wednesday, June 26th. Cibc World Mkts lowered Slate Office REIT from a hold rating to a strong sell rating in a research report on Wednesday, June 26th. Finally, TD Securities downgraded shares of Slate Office REIT from a hold rating to a strong sell rating in a report on Wednesday, June 26th.

Slate Office REIT Stock Performance

Slate Office REIT (TSE:SOT) last issued its quarterly earnings data on Thursday, August 8th. The company reported C($1.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($1.81). The firm had revenue of C$49.57 million for the quarter.

Slate Office REIT Company Profile

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.