Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Cut to C$19.00 by Analysts at National Bank Financial

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price lowered by analysts at National Bank Financial from C$19.50 to C$19.00 in a report released on Monday,BayStreet.CA reports. The firm currently 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 10.66% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Scotiabank increased their target price on shares of Dream Office Real Estate Investment Trst from C$18.25 to C$19.50 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Desjardins increased their price objective on shares of Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$19.33.

Dream Office Real Estate Investment Trst Stock Performance

Shares of TSE:D.UN traded down C$0.05 on Monday, reaching C$17.17. 23,394 shares of the company’s stock were exchanged, compared to its average volume of 28,105. The firm has a market capitalization of C$281.07 million, a price-to-earnings ratio of -2.08 and a beta of 0.97. Dream Office Real Estate Investment Trst has a fifty-two week low of C$14.17 and a fifty-two week high of C$21.59. The business’s 50-day moving average is C$16.73 and its two-hundred day moving average is C$17.83. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31.

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 for the quarter. The business had revenue of C$45.01 million 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%. As a group, equities research analysts forecast that Dream Office Real Estate Investment Trst will post 1.4893899 EPS for the current 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.