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

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price boosted by Desjardins from C$18.50 to C$19.00 in a research report released on Monday morning,BayStreet.CA reports. Desjardins currently has a hold rating on the real estate investment trust’s stock.

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

Dream Office Real Estate Investment Trst Trading Down 2.6%

TSE D.UN opened at C$16.98 on Monday. The stock has a market capitalization of C$277.95 million, a P/E ratio of -2.12 and a beta of 1.23. The business has a 50 day simple moving average of C$18.41 and a 200 day simple moving average of C$18.31. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16. Dream Office Real Estate Investment Trst has a one year low of C$14.05 and a one year high of C$21.59.

Dream Office Real Estate Investment Trst (TSE:D.UN) last posted its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported C($1.49) earnings per share (EPS) 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%. Research analysts expect that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share 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.