Dream Office Real Estate Investment Trst (TSE:D.UN) Given New C$19.00 Price Target at Desjardins

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price upped by stock analysts at Desjardins from C$18.50 to C$19.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Desjardins’ target price indicates a potential upside of 11.05% from the company’s current price.

Several other analysts have also commented on D.UN. Canadian Imperial Bank of Commerce lifted their price target on shares of Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a research report on Tuesday, November 11th. National Bank Financial lifted their target price on Dream Office Real Estate Investment Trst from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Dream Office Real Estate Investment Trst has a consensus rating of “Hold” and an average price target of C$19.42.

Dream Office Real Estate Investment Trst Price Performance

Shares of TSE:D.UN traded down C$0.33 during midday trading on Monday, hitting C$17.11. The company had a trading volume of 15,313 shares, compared to its average volume of 22,544. Dream Office Real Estate Investment Trst has a twelve month low of C$14.05 and a twelve month high of C$21.59. The stock has a market cap of C$280.07 million, a price-to-earnings ratio of -2.14 and a beta of 1.23. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16. The business’s 50-day simple moving average is C$18.42 and its 200-day simple moving average is C$18.31.

Dream Office Real Estate Investment Trst (TSE:D.UN) last issued its earnings results on Thursday, February 19th. The real estate investment trust reported C($1.49) 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 company had revenue of C$45.01 million during the quarter. On average, research analysts predict that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share for the current 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.