Dream Office Real Estate Investment Trst (TSE:D.UN) Posts Quarterly Earnings Results

Dream Office Real Estate Investment Trst (TSE:D.UN) posted its quarterly earnings data on Thursday. The real estate investment trust reported C($0.30) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$46.36 million 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%.

Dream Office Real Estate Investment Trst Stock Performance

D.UN stock traded up C$0.31 during trading on Friday, hitting C$16.03. 24,911 shares of the company traded hands, compared to its average volume of 21,982. The company has a market cap of C$263.50 million, a PE ratio of -3.77 and a beta of 0.83. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.15. Dream Office Real Estate Investment Trst has a 1 year low of C$15.35 and a 1 year high of C$19.81. The stock’s 50-day simple moving average is C$16.75 and its 200 day simple moving average is C$17.47.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on D.UN. Desjardins raised their price target 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 report on Tuesday, August 11th. TD lifted their price target on 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 Tuesday, August 11th. Finally, National Bank Financial dropped their price target on Dream Office Real Estate Investment Trst from C$20.50 to C$17.50 and set a “sector perform” rating on the stock in a research note on Wednesday, October 21st. Four equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$18.90.

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.