Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Raised to C$23.50

Key Points

• Cormark has raised the price target for Dream Office Real Estate Investment Trust (TSE:D.UN) from C$20.00 to C$23.50, indicating a potential upside of 17.56% from the company's previous closing price.
• Other analysts, including National Bankshares and Scotiabank, have also increased their price targets, with a consensus average target of C$19.00 and a rating of "Hold" for the stock.
• The stock recently traded at C$19.99, with a 1-year price range of C$14.05 to C$23.04, and holds a market capitalization of C$327.14 million.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) had its price objective hoisted by stock analysts at Cormark from C$20.00 to C$23.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Cormark's price target would suggest a potential upside of 17.56% from the company's previous close.

Several other research analysts also recently weighed in on D.UN. National Bankshares upped their price target on shares of Dream Office Real Estate Investment Trst from C$16.50 to C$17.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 12th. Scotiabank upped their price target on shares of Dream Office Real Estate Investment Trst from C$17.50 to C$18.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 12th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dream Office Real Estate Investment Trst presently has an average rating of "Hold" and an average target price of C$19.00.

Dream Office Real Estate Investment Trst Price Performance

Shares of D.UN traded down C$0.01 during mid-day trading on Friday, hitting C$19.99. 18,065 shares of the company were exchanged, compared to its average volume of 21,685. Dream Office Real Estate Investment Trst has a 1-year low of C$14.05 and a 1-year high of C$23.04. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08. The company has a 50 day moving average of C$16.99 and a 200-day moving average of C$16.56. The stock has a market cap of C$327.14 million, a price-to-earnings ratio of -2.27 and a beta of 1.05.

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.

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