Slate Office REIT (TSE:SOT) Upgraded to “Hold” by Cormark

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

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

Slate Office REIT Price Performance

Slate Office REIT (TSE:SOT) last announced its quarterly earnings results on Thursday, August 8th. The company reported C($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($1.81). The business 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.