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 objective lifted by TD from C$18.50 to C$19.00 in a report released on Tuesday morning,BayStreet.CA reports. They currently have a hold rating on the real estate investment trust’s stock.

D.UN has been the subject of a number of other reports. Desjardins increased their price objective on shares of Dream Office Real Estate Investment Trst from C$18.50 to C$20.00 and gave the company a “hold” rating in a report on Tuesday. National Bank Financial lifted their price objective on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$20.50 and gave the company a “sector perform” rating in a research report on Monday. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$20.17.

Dream Office Real Estate Investment Trst Stock Performance

TSE D.UN opened at C$18.91 on Tuesday. The firm has a market cap of C$310.05 million, a price-to-earnings ratio of -4.45 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. The business has a 50-day moving average price of C$18.47 and a 200-day moving average price of C$17.61. Dream Office Real Estate Investment Trst has a twelve month low of C$15.35 and a twelve month high of C$21.59.

Dream Office Real Estate Investment Trst (TSE:D.UN) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported C($0.38) earnings per share (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. As a group, equities research analysts predict that Dream Office Real Estate Investment Trst will post 1.4893899 EPS 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.