TD Forecasts Strong Price Appreciation for Dream Office Real Estate Investment Trst (TSE:D.UN) Stock

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price objective lifted by equities research analysts at TD from C$18.50 to C$19.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. TD’s price target indicates a potential downside of 0.05% from the stock’s current price.

D.UN has been the topic of several other reports. Desjardins upped their target price on shares of Dream Office Real Estate Investment Trst from C$18.50 to C$20.00 and gave the stock a “hold” rating in a research note on Tuesday. National Bank Financial raised their price target on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$20.50 and gave the company a “sector perform” rating in a research report on Monday. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$20.17.

Dream Office Real Estate Investment Trst Trading Up 0.6%

TSE D.UN traded up C$0.12 during trading on Tuesday, hitting C$19.01. The stock had a trading volume of 16,518 shares, compared to its average volume of 25,506. The company has a quick ratio of 0.15, a current ratio of 0.08 and a debt-to-equity ratio of 115.31. The company has a market capitalization of C$311.69 million, a PE ratio of -3.16 and a beta of 1.42. The firm has a 50 day moving average price of C$18.36 and a 200 day moving average price of C$17.61. Dream Office Real Estate Investment Trst has a twelve month low of C$15.35 and a twelve month high of C$21.59.

Dream Office Real Estate Investment Trst (TSE:D.UN) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported C($0.38) earnings per share (EPS) 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%.The business had revenue of C$46.59 million for the quarter. As a group, equities research analysts forecast that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share for the current 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.