Slate Office REIT (TSE:SOT) Cut to Strong Sell at 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 note released on Wednesday, Zacks.com reports.

Other research analysts also recently issued reports about the company. Cormark downgraded Slate Office REIT from a hold rating to a strong sell rating in a research note on Tuesday, June 25th. Cibc World Mkts downgraded Slate Office REIT from a hold rating to a strong sell rating in a research note on Wednesday. Four analysts have rated the stock with a sell rating, According to data from MarketBeat.com, Slate Office REIT has an average rating of Reduce.

Slate Office REIT Price Performance

Slate Office REIT (TSE:SOT) last released 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 company had revenue of C$50.26 million during the quarter.