Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Raised to C$19.50 at Scotiabank

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price boosted by Scotiabank from C$18.25 to C$19.50 in a research report sent to investors on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Several other equities research analysts also recently commented on D.UN. Desjardins boosted their target price on 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. Canadian Imperial Bank of Commerce lifted their price target on Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a research report on Tuesday, November 11th. Finally, National Bank Financial cut their price objective on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dream Office Real Estate Investment Trst currently has a consensus rating of “Hold” and a consensus price target of C$19.42.

Dream Office Real Estate Investment Trst Trading Down 2.6%

Shares of TSE D.UN opened at C$16.98 on Monday. Dream Office Real Estate Investment Trst has a 1 year low of C$14.05 and a 1 year high of C$21.59. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16. The firm has a 50-day moving average of C$18.41 and a 200 day moving average of C$18.31. 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 (TSE:D.UN) last issued its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported C($1.49) EPS for the quarter. The company 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 expect that Dream Office Real Estate Investment Trst will post 1.4893899 EPS for the current fiscal 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.