Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price Expected to Rise, Desjardins Analyst Says

Key Points

• Desjardins raised Dream Office’s price target from C$18.50 to C$20.00 while maintaining a “Hold” rating, implying 5.21% upside from the previous close.
• Analyst sentiment remains cautious: TD and National Bank Financial also maintain neutral ratings, and the consensus is “Hold” with a C$20.17 price target.
• The shares traded at C$19.01, while the trust reported a quarterly loss of C$0.38 per share, C$46.59 million in revenue, and negative return on equity and net margin.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) had its price objective lifted by equities researchers at Desjardins from C$18.50 to C$20.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Desjardins' target price indicates a potential upside of 5.21% from the company's previous close.

Several other analysts also recently weighed in on the stock. TD boosted their price target on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$18.50 and gave the stock a "hold" rating in a research note on Tuesday, May 12th. National Bank Financial lifted their price objective on Dream Office Real Estate Investment Trst from C$20.00 to C$20.50 and gave the stock a "sector perform" rating in a report on Monday. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dream Office Real Estate Investment Trst currently has a consensus rating of "Hold" and a consensus price target of C$20.17.

Dream Office Real Estate Investment Trst Price Performance

D.UN traded up C$0.12 during midday 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 market cap of C$311.69 million, a P/E ratio of -3.16 and a beta of 1.42. The business has a fifty day moving average of C$18.36 and a 200 day moving average of C$17.61. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.15 and a current ratio of 0.08. Dream Office Real Estate Investment Trst has a 1 year low of C$15.35 and a 1 year high of C$21.59.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported C($0.38) 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 analysts forecast that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share for the current fiscal year.

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.

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