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

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price objective dropped by investment analysts at National Bank Financial from C$20.00 to C$19.50 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. National Bank Financial’s target price would suggest a potential upside of 13.97% from the company’s current price.

Other analysts have also recently issued reports about the company. Desjardins boosted 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 research report on Monday. Canadian Imperial Bank of Commerce raised their price target on Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a report on Tuesday, November 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from 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 Trading Down 1.9%

TSE D.UN traded down C$0.33 on Monday, hitting C$17.11. The company’s stock had a trading volume of 15,313 shares, compared to its average volume of 22,544. The firm has a market cap of C$280.07 million, a P/E ratio of -2.14 and a beta of 1.23. Dream Office Real Estate Investment Trst has a 52-week low of C$14.05 and a 52-week high of C$21.59. The company’s 50-day simple moving average is C$18.42 and its 200 day simple moving average is C$18.31. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31.

Dream Office Real Estate Investment Trst (TSE:D.UN) last announced its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported C($1.49) earnings per share (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 company had revenue of C$45.01 million for the quarter. Research analysts predict that Dream Office Real Estate Investment Trst will post 1.4893899 EPS for the current fiscal year.

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.