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

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price target decreased by investment analysts at Desjardins from C$21.00 to C$19.50 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Desjardins’ target price would suggest a potential upside of 5.35% from the company’s previous close.

Separately, Scotiabank reduced their price target on Dream Office Real Estate Investment Trst from C$21.00 to C$20.50 and set a “sector perform” rating on the stock in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$20.50.

Dream Office Real Estate Investment Trst Stock Up 3.5 %

Shares of TSE D.UN traded up C$0.62 during midday trading on Tuesday, hitting C$18.51. The company’s stock had a trading volume of 14,749 shares, compared to its average volume of 14,628. The firm has a market capitalization of C$302.45 million, a price-to-earnings ratio of -6.36 and a beta of 1.21. Dream Office Real Estate Investment Trst has a 1 year low of C$14.90 and a 1 year high of C$23.04. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16. The business’s fifty day simple moving average is C$18.06 and its two-hundred day simple moving average is C$19.42.

About Dream Office Real Estate Investment Trst

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT owns well-located, high-quality central business district office properties in major urban centres across Canada, with a focus on downtown Toronto.