National Bank Financial Cuts Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target to C$19.50

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price lowered by National Bank Financial from C$20.00 to C$19.50 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. National Bank Financial’s price target suggests a potential upside of 13.97% from the stock’s current price.

A number of other equities analysts have also commented on D.UN. Desjardins increased their price target on Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the company a “hold” rating in a research note on Monday. Canadian Imperial Bank of Commerce raised their price target on Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a research report on Tuesday, November 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dream Office Real Estate Investment Trst presently has an average rating of “Hold” and an average price target of C$19.42.

Dream Office Real Estate Investment Trst Price Performance

Shares of Dream Office Real Estate Investment Trst stock traded down C$0.33 during trading hours on Monday, hitting C$17.11. The company’s stock had a trading volume of 15,313 shares, compared to its average volume of 22,544. 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 has a 12-month low of C$14.05 and a 12-month high of C$21.59. The business has a 50 day moving average price of C$18.42 and a two-hundred day moving average price of C$18.31. The company has a market cap of C$280.07 million, a PE ratio of -2.14 and a beta of 1.23.

Dream Office Real Estate Investment Trst (TSE:D.UN) last posted its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported C($1.49) earnings per share 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%.The business had revenue of C$45.01 million during the quarter. Analysts expect that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share for the current fiscal year.

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.