National Bank Financial Cuts Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target to C$19.50

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price target trimmed by National Bank Financial from C$20.00 to C$19.50 in a research note published on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently commented on the company. Canadian Imperial Bank of Commerce raised their target price on Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a research note on Tuesday, November 11th. Desjardins increased their price target on Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the stock a “hold” rating in a report on Monday. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$19.42.

Dream Office Real Estate Investment Trst Price Performance

Shares of TSE D.UN opened at C$17.20 on Monday. Dream Office Real Estate Investment Trst has a twelve month low of C$14.05 and a twelve month high of C$21.59. The firm has a fifty day simple moving average of C$18.42 and a 200 day simple moving average of C$18.31. The company has a market capitalization of C$281.55 million, a PE ratio of -2.15 and a beta of 1.23. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31.

Dream Office Real Estate Investment Trst (TSE:D.UN) last issued its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported C($1.49) EPS for the quarter. Dream Office Real Estate Investment Trst had a negative net margin of 19.55% and a negative return on equity of 3.21%. The firm had revenue of C$45.01 million for the quarter. On average, sell-side analysts forecast that Dream Office Real Estate Investment Trst will post 1.4893899 EPS for the current year.

Dream Office Real Estate Investment Trst Company Profile

Dream Office Real Estate Investment Trust is a real estate investment trust that acquires, manages, and leases primarily central business district and suburban office properties in urban areas throughout Canada. The majority of the company’s real estate portfolio, in terms of revenue generation, is located in the Canadian province of Ontario. The province of Alberta also brings in a sizable percentage of revenue. The company generates nearly all of its revenue in the form of rental income from mid- to long-term lease agreements with tenants.