Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Raised to C$20.50

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price increased by National Bank Financial from C$20.00 to C$20.50 in a report released on Monday,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the real estate investment trust’s stock.

Separately, TD raised their price objective on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$18.50 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$20.17.

Dream Office Real Estate Investment Trst Stock Performance

Shares of D.UN opened at C$18.96 on Monday. The business’s 50 day moving average is C$18.44 and its two-hundred day moving average is C$17.61. Dream Office Real Estate Investment Trst has a 52-week low of C$15.35 and a 52-week high of C$21.59. The firm has a market cap of C$310.87 million, a price-to-earnings ratio of -3.15 and a beta of 1.42. The company has a quick ratio of 0.15, a current ratio of 0.08 and a debt-to-equity ratio of 115.31.

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) earnings per share for the quarter. The company had revenue of C$46.59 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%. Analysts forecast that Dream Office Real Estate Investment Trst will post 1.4893899 EPS 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.