Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price Target Cut by National Bank Financial

Key Points

• National Bank Financial cut Dream Office’s price target from C$20.50 to C$17.50 while maintaining a “sector perform” rating, implying roughly 9.72% upside from the current price.
• Analyst sentiment remains cautious: four analysts rate the REIT “Hold,” with an average price target of C$18.90.
• Shares fell 0.8% to C$15.95, while the company reported a quarterly loss of C$0.38 per share, C$46.59 million in revenue, and negative net margins.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) had its target price dropped by investment analysts at National Bank Financial from C$20.50 to C$17.50 in a note issued to investors on Wednesday, BayStreet reports. The firm currently has a "sector perform" rating on the real estate investment trust's stock. National Bank Financial's price target points to a potential upside of 9.72% from the company's current price.

A number of other analysts have also recently commented 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 stock a "hold" rating in a research note on Tuesday, August 11th. Desjardins upped their price target on shares of Dream Office Real Estate Investment Trst from C$18.50 to C$20.00 and gave the company a "hold" rating in a research note on Tuesday, August 11th. Four investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of C$18.90.

Dream Office Real Estate Investment Trst Stock Down 0.8%

TSE D.UN traded down C$0.13 during trading on Wednesday, reaching C$15.95. 7,930 shares of the company's stock traded hands, compared to its average volume of 22,027. 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$262.19 million, a price-to-earnings ratio of -3.75 and a beta of 1.13. The company's 50 day simple moving average is C$17.49 and its two-hundred day simple moving average is C$17.68. Dream Office Real Estate Investment Trst has a 12-month low of C$15.35 and a 12-month high of C$19.85.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported C($0.38) EPS for the quarter. The company had revenue of C$46.59 million during 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%. As a group, sell-side analysts forecast that Dream Office Real Estate Investment Trst will post 1.49 EPS 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.

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