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

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 - Free Report) had its price target upped by Cormark from C$20.00 to C$23.50 in a report released on Friday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. Scotiabank raised their price objective on Dream Office Real Estate Investment Trst from C$17.50 to C$18.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 12th. National Bankshares upped their price objective on shares of Dream Office Real Estate Investment Trst from C$16.50 to C$17.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of C$19.00.

Dream Office Real Estate Investment Trst Trading Up 0.4%

Shares of Dream Office Real Estate Investment Trst stock traded up C$0.07 during mid-day trading on Friday, hitting C$19.75. The stock had a trading volume of 17,200 shares, compared to its average volume of 21,816. Dream Office Real Estate Investment Trst has a 12-month low of C$14.05 and a 12-month high of C$23.04. The firm has a 50-day moving average of C$17.27 and a two-hundred day moving average of C$16.61. The firm has a market cap of C$323.21 million, a P/E ratio of -2.25 and a beta of 1.05. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31.

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.