Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Raised to C$19.00

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price target upped by Desjardins from C$18.50 to C$19.00 in a research note released on Monday,BayStreet.CA reports. The firm currently has a hold rating on the real estate investment trust’s stock.

Several other research analysts also recently commented on the stock. National Bank Financial raised their price objective on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Canadian Imperial Bank of Commerce boosted their target price on shares of Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a report on Tuesday, November 11th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dream Office Real Estate Investment Trst has a consensus rating of “Hold” and a consensus target price of C$19.42.

Dream Office Real Estate Investment Trst Trading Down 0.8%

Shares of Dream Office Real Estate Investment Trst 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’s 50-day simple moving average is C$18.42 and its 200 day simple moving average is C$18.31. The stock has a market capitalization of C$281.55 million, a P/E ratio of -2.15 and a beta of 1.23. 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 issued its earnings results on Thursday, February 19th. The real estate investment trust reported C($1.49) earnings per share 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%. As a group, research analysts anticipate 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.