National Bank Financial Forecasts Strong Price Appreciation for Dream Office Real Estate Investment Trst (TSE:D.UN) Stock

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price target boosted by National Bank Financial from C$20.00 to C$20.50 in a 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 objective would suggest a potential upside of 6.94% from the company’s current price.

Separately, TD raised their price objective on Dream Office Real Estate Investment Trst from C$18.00 to C$18.50 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$19.92.

Dream Office Real Estate Investment Trst Trading Up 2.8%

D.UN traded up C$0.52 during trading hours on Monday, reaching C$19.17. The company’s stock had a trading volume of 15,205 shares, compared to its average volume of 25,548. The stock has a market cap of C$314.31 million, a PE ratio of -3.18 and a beta of 1.42. Dream Office Real Estate Investment Trst has a fifty-two week low of C$15.35 and a fifty-two week high of C$21.59. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.15. The business’s 50-day moving average is C$18.33 and its 200-day moving average is C$17.61.

Dream Office Real Estate Investment Trst (TSE:D.UN) last posted its 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 during the quarter. As a group, equities research analysts predict 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.