Dream Office Real Estate Investment Trst (TSE:D.UN) Given New C$17.50 Price Target at Desjardins

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

A number of other research analysts have also recently issued reports on the stock. TD lifted their target price on shares of 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 lowered their price target on shares of 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 analysts have rated the stock with a Hold rating. According to MarketBeat.com, Dream Office Real Estate Investment Trst presently has an average rating of “Hold” and an average target price of C$18.40.

Dream Office Real Estate Investment Trst Stock Performance

Shares of TSE D.UN traded down C$0.36 during mid-day trading on Tuesday, hitting C$15.79. The company had a trading volume of 12,171 shares, compared to its average volume of 21,945. The business’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 current ratio of 0.08 and a quick ratio of 0.15. The firm has a market cap of C$259.56 million, a P/E ratio of -3.71 and a beta of 0.83. Dream Office Real Estate Investment Trst has a 12 month low of C$15.35 and a 12 month high of C$19.81.

Dream Office Real Estate Investment Trst (TSE:D.UN) last announced its quarterly 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 net margin of 19.55% and a negative return on equity of 3.21%. The business had revenue of C$46.36 million during the quarter. As a group, analysts predict that Dream Office Real Estate Investment Trst will post 1.49 earnings per share 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.