Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Raised to C$19.50 at Scotiabank

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price upped by research analysts at Scotiabank from C$18.25 to C$19.50 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective indicates a potential upside of 13.97% from the company’s previous close.

D.UN has been the topic of a number of other research reports. Canadian Imperial Bank of Commerce upped their target price on shares of Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a research note on Tuesday, November 11th. Desjardins upped their price objective on Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the company a “hold” rating in a research note on Monday. Finally, National Bank Financial decreased their target price on Dream Office Real Estate Investment Trst from C$20.00 to C$19.50 and set a “sector perform” rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$19.42.

Dream Office Real Estate Investment Trst Stock Down 1.9%

Shares of D.UN traded down C$0.33 during mid-day trading on Monday, reaching C$17.11. 15,313 shares of the stock traded hands, compared to its average volume of 22,544. Dream Office Real Estate Investment Trst has a 12-month low of C$14.05 and a 12-month high of C$21.59. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31. The firm has a market cap of C$280.07 million, a price-to-earnings ratio of -2.14 and a beta of 1.23. The stock has a fifty day simple moving average of C$18.42 and a 200 day simple moving average of C$18.31.

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 business had revenue of C$45.01 million during the quarter. Sell-side analysts expect that Dream Office Real Estate Investment Trst will post 1.4893899 EPS for the current fiscal 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.