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

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price target lifted by Scotiabank from C$18.25 to C$19.50 in a report released on Monday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

A number of other research analysts have also weighed in on the company. Canadian Imperial Bank of Commerce boosted their target price on Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a report on Tuesday, November 11th. Desjardins raised their price target on Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the company a “hold” rating in a report on Monday. Finally, National Bank Financial decreased their price objective on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a report on Monday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$19.42.

Dream Office Real Estate Investment Trst Stock Down 0.8%

Shares of D.UN stock opened at C$17.20 on Monday. 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 stock has a market cap of C$281.55 million, a price-to-earnings ratio of -2.15 and a beta of 1.23. The firm’s 50-day moving average is C$18.42 and its 200-day moving average is C$18.31. 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 posted its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported C($1.49) EPS for the quarter. The business had revenue of C$45.01 million for the quarter. Dream Office Real Estate Investment Trst had a negative return on equity of 3.21% and a negative net margin of 19.55%. Sell-side analysts predict that Dream Office Real Estate Investment Trst will post 1.4893899 EPS for the current 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.