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

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price target raised by equities research analysts at Scotiabank from C$18.25 to C$19.50 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target suggests a potential upside of 13.97% from the stock’s current price.

A number of other equities analysts also recently weighed in on D.UN. National Bank Financial dropped their target price on 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 report on Monday. Canadian Imperial Bank of Commerce upped their price objective on shares of Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a research note on Tuesday, November 11th. Finally, Desjardins increased their target price 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 research report on Monday. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dream Office Real Estate Investment Trst has a consensus rating of “Hold” and a consensus target price of C$19.42.

Dream Office Real Estate Investment Trst Price Performance

Dream Office Real Estate Investment Trst stock traded down C$0.33 during midday trading on Monday, hitting C$17.11. The company’s stock had a trading volume of 15,313 shares, compared to its average volume of 22,544. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31. The stock’s 50-day moving average price is C$18.42 and its 200-day moving average price is C$18.31. Dream Office Real Estate Investment Trst has a 12 month low of C$14.05 and a 12 month high of C$21.59. The company has a market capitalization of C$280.07 million, a PE ratio of -2.14 and a beta of 1.23.

Dream Office Real Estate Investment Trst (TSE:D.UN) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported C($1.49) 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 company had revenue of C$45.01 million for the quarter. Analysts anticipate 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.