Scotiabank Issues Positive Forecast for Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price

Key Points

• Scotiabank has raised the price target for Dream Office Real Estate Investment Trust (TSE:D.UN) from C$17.50 to C$18.00, suggesting a potential upside of 9.22% from the current price.
• In contrast, Canaccord Genuity Group has lowered their price target from C$20.00 to C$16.50, indicating mixed sentiments among analysts regarding the stock's future performance.
• The stock has traded around C$16.48, with an average rating of "Hold" and a consensus price target of C$19.00 from various analysts.

Dream Office Real Estate Investment Trst (TSE:D.UN - Free Report) had its price target raised by Scotiabank from C$17.50 to C$18.00 in a research note released on Tuesday,BayStreet.CA reports. They currently have a sector perform rating on the real estate investment trust's stock.

Separately, Canaccord Genuity Group dropped their target price on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$16.50 in a report on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$19.00.

Dream Office Real Estate Investment Trst Price Performance

Shares of Dream Office Real Estate Investment Trst stock remained flat at C$16.66 during trading hours on Tuesday. 7,127 shares of the stock were exchanged, compared to its average volume of 21,819. Dream Office Real Estate Investment Trst has a fifty-two week low of C$14.05 and a fifty-two week high of C$23.04. The stock has a market capitalization of C$272.22 million, a P/E ratio of -5.73 and a beta of 1.21. The firm has a 50-day moving average price of C$16.47 and a two-hundred day moving average price of C$16.66. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16.

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.