National Bank Financial Cuts Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target to C$19.00

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price objective reduced by National Bank Financial from C$19.50 to C$19.00 in a report published on Monday morning,BayStreet.CA reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Several other analysts also recently weighed in on the stock. Scotiabank lifted their price objective on shares of Dream Office Real Estate Investment Trst from C$18.25 to C$19.50 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. Desjardins lifted their price objective on shares of Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the company a “hold” rating in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$19.33.

Dream Office Real Estate Investment Trst Trading Down 0.1%

TSE D.UN opened at C$16.73 on Monday. The firm has a market capitalization of C$273.87 million, a PE ratio of -2.03 and a beta of 0.97. The company has a 50-day simple moving average of C$16.61 and a 200-day simple moving average of C$17.76. Dream Office Real Estate Investment Trst has a one year low of C$14.17 and a one year high of C$21.59. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08.

Dream Office Real Estate Investment Trst (TSE:D.UN) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported C($1.49) earnings per share for the quarter. The firm had revenue of C$45.01 million during 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%. On average, equities analysts forecast that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share 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.