Desjardins Issues Positive Forecast for Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price objective raised by equities researchers at Desjardins from C$18.50 to C$20.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Desjardins’ price objective suggests a potential upside of 5.21% from the stock’s previous close.

A number of other equities analysts also recently commented on D.UN. National Bank Financial upped their target price on Dream Office Real Estate Investment Trst from C$20.00 to C$20.50 and gave the company a “sector perform” rating in a report on Monday. TD lifted their price target on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$18.50 and gave the company a “hold” rating in a report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$20.17.

Dream Office Real Estate Investment Trst Trading Up 0.6%

Shares of TSE D.UN traded up C$0.12 during trading hours on Tuesday, hitting C$19.01. The company’s stock had a trading volume of 16,518 shares, compared to its average volume of 25,506. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.15 and a current ratio of 0.08. The stock has a market cap of C$311.69 million, a price-to-earnings ratio of -3.16 and a beta of 1.42. Dream Office Real Estate Investment Trst has a 12 month low of C$15.35 and a 12 month high of C$21.59. The business has a 50-day simple moving average of C$18.36 and a 200-day simple moving average of C$17.61.

Dream Office Real Estate Investment Trst (TSE:D.UN) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported C($0.38) 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 business had revenue of C$46.59 million for the quarter. On average, analysts anticipate that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share 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.