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 reduced by National Bank Financial from C$19.50 to C$19.00 in a research report report published on Monday morning,BayStreet.CA reports. They currently have a sector perform rating on the real estate investment trust’s stock.

A number of other analysts have also weighed in on the stock. Scotiabank raised their target price on shares of Dream Office Real Estate Investment Trst from C$18.25 to C$19.50 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. Desjardins upped their price target 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 data from MarketBeat.com, Dream Office Real Estate Investment Trst currently has an average rating of “Hold” and a consensus price target of C$19.33.

Dream Office Real Estate Investment Trst Stock Down 0.8%

Shares of TSE D.UN opened at C$17.09 on Monday. The company has a market cap of C$279.76 million, a price-to-earnings ratio of -2.07 and a beta of 0.97. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31. Dream Office Real Estate Investment Trst has a 12 month low of C$14.17 and a 12 month high of C$21.59. The stock has a 50-day moving average price of C$16.69 and a two-hundred day moving average price of C$17.81.

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 for the quarter. The company had revenue of C$45.01 million during the quarter. Dream Office Real Estate Investment Trst had a negative net margin of 19.55% and a negative return on equity of 3.21%. As a group, analysts forecast that Dream Office Real Estate Investment Trst will post 1.4893899 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.