Dream Office Real Estate Investment Trst (TSE:D.UN) Posts 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) EPS for the quarter, FiscalAI reports. The firm had revenue of C$46.36 million 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%.

Dream Office Real Estate Investment Trst Price Performance

Shares of TSE:D.UN traded down C$0.14 on Thursday, hitting C$15.72. The company’s stock had a trading volume of 30,350 shares, compared to its average volume of 21,968. The company has a 50-day simple moving average of C$16.80 and a 200 day simple moving average of C$17.49. Dream Office Real Estate Investment Trst has a 1 year low of C$15.35 and a 1 year high of C$19.81. The company has a market capitalization of C$258.41 million, a PE ratio of -3.70 and a beta of 0.83. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.15.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on D.UN. National Bank Financial lowered their price objective on Dream Office Real Estate Investment Trst from C$20.50 to C$17.50 and set a “sector perform” rating on the stock in a research note on Wednesday, October 21st. Desjardins boosted their target price on shares of Dream Office Real Estate Investment Trst from C$18.50 to C$20.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. Finally, TD increased their price target on shares of Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Dream Office Real Estate Investment Trst has an average rating of “Hold” and a consensus price target of C$18.90.

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.