Dream Office Real Estate Investment Trst (TSE:D.UN) Posts Quarterly Earnings Results

Dream Office Real Estate Investment Trst (TSE:D.UN) issued its quarterly earnings results on Thursday. The real estate investment trust reported C($0.30) earnings per share for the quarter, FiscalAI reports. Dream Office Real Estate Investment Trst had a negative net margin of 19.55% and a negative return on equity of 3.21%. The company had revenue of C$46.36 million during the quarter.

Dream Office Real Estate Investment Trst Price Performance

Shares of TSE D.UN opened at C$15.70 on Friday. Dream Office Real Estate Investment Trst has a twelve month low of C$15.35 and a twelve month high of C$19.81. The firm has a fifty day simple moving average of C$16.80 and a 200 day simple moving average of C$17.49. The company has a market capitalization of C$258.08 million, a PE ratio of -3.69 and a beta of 0.83. The company has a quick ratio of 0.15, a current ratio of 0.08 and a debt-to-equity ratio of 115.31.

Analyst Ratings Changes

D.UN has been the topic of a number of recent analyst reports. Desjardins lifted their price objective on Dream Office Real Estate Investment Trst from C$18.50 to C$20.00 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. National Bank Financial decreased their target price on shares of Dream Office Real Estate Investment Trst from C$20.50 to C$17.50 and set a “sector perform” rating for the company in a research report on Wednesday, October 21st. Finally, TD increased their target price 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 Tuesday, August 11th. Four research analysts have rated the stock with a Hold rating. According to MarketBeat, Dream Office Real Estate Investment Trst has a consensus rating of “Hold” and an average price target of C$18.90.

About Dream Office Real Estate Investment Trst

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.