Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Gets Price Target Bump from Desjardins

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price target hoisted by equities research analysts at Desjardins from C$17.00 to C$17.50 in a note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Desjardins‘s price target would indicate a potential upside of 10.83% from the company’s current price.

Several other equities analysts have also issued reports on D.UN. TD lifted their price target on Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the company a “hold” rating in a research note on Tuesday, August 11th. National Bank Financial decreased their price target on Dream Office Real Estate Investment Trst from C$20.50 to C$17.50 and set a “sector perform” rating for the company in a report on Wednesday, October 21st. Four research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Dream Office Real Estate Investment Trst currently has a consensus rating of “Hold” and a consensus price target of C$18.40.

Dream Office Real Estate Investment Trst Stock Performance

Dream Office Real Estate Investment Trst stock traded down C$0.36 during midday trading on Tuesday, reaching C$15.79. 12,171 shares of the company’s stock were exchanged, compared to its average volume of 21,945. Dream Office Real Estate Investment Trst has a 52 week low of C$15.35 and a 52 week high of C$19.81. The stock’s 50-day simple moving average is C$16.71 and its 200 day simple moving average is C$17.46. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.15 and a current ratio of 0.08. The firm has a market cap of C$259.56 million, a price-to-earnings ratio of -3.71 and a beta of 0.83.

Dream Office Real Estate Investment Trst (TSE:D.UN) last posted its earnings results on Thursday, November 5th. The real estate investment trust reported C($0.30) earnings per share (EPS) 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%. The company had revenue of C$46.36 million for the quarter. On average, analysts expect that Dream Office Real Estate Investment Trst will post 1.49 earnings per share 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.