National Bankshares 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 objective hoisted by investment analysts at National Bankshares from C$19.00 to C$20.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. National Bankshares’ price target indicates a potential upside of 6.95% from the stock’s current price.

Separately, CIBC increased their price objective on Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a research report on Tuesday, November 11th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$19.33.

Dream Office Real Estate Investment Trst Price Performance

Shares of TSE:D.UN traded down C$0.08 during trading on Thursday, reaching C$18.70. The company had a trading volume of 19,485 shares, compared to its average volume of 18,564. The company has a fifty day moving average of C$18.25 and a two-hundred day moving average of C$18.19. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31. The stock has a market capitalization of C$306.10 million, a P/E ratio of -2.34 and a beta of 1.23. Dream Office Real Estate Investment Trst has a 12 month low of C$14.05 and a 12 month high of C$21.59.

Dream Office Real Estate Investment Trst (TSE:D.UN) last announced its earnings results on Thursday, November 6th. The real estate investment trust reported C($3.09) earnings per share (EPS) for the quarter. The company had revenue of C$45.94 million during 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%. Equities research analysts forecast 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.