Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Lowered to C$19.50 at National Bank Financial

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price lowered by National Bank Financial from C$20.00 to C$19.50 in a report published on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Several other research firms have also issued reports on D.UN. Desjardins lifted their price objective 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 Monday. Canadian Imperial Bank of Commerce raised their price target on Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a report on Tuesday, November 11th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$19.42.

Dream Office Real Estate Investment Trst Price Performance

Shares of TSE:D.UN opened at C$16.98 on Monday. The company has a 50 day moving average of C$18.41 and a 200 day moving average of C$18.31. 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 cap of C$277.95 million, a P/E ratio of -2.12 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 posted its earnings results on Thursday, February 19th. The real estate investment trust reported C($1.49) earnings per share (EPS) for the quarter. The firm had revenue of C$45.01 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%. As a group, sell-side analysts forecast that Dream Office Real Estate Investment Trst will post 1.4893899 EPS 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.