National Bank Financial Boosts Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target to C$20.50

Key Points

• National Bank Financial raised Dream Office REIT’s price target from C$20.00 to C$20.50 while maintaining a “sector perform” rating, implying 6.94% upside from the prior close.
• TD also increased its target to C$18.50 and kept a “hold” rating. All four tracked analysts rate the stock Hold, with a consensus price target of C$19.92.
• Dream Office shares reached C$19.17 in Monday trading, while the REIT reported quarterly revenue of C$46.59 million and a loss of C$0.38 per share in its latest results.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) had its price objective lifted by investment analysts at National Bank Financial from C$20.00 to C$20.50 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the real estate investment trust's stock. National Bank Financial's price objective points to a potential upside of 6.94% from the company's previous close.

Separately, TD raised 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. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dream Office Real Estate Investment Trst presently has a consensus rating of "Hold" and an average price target of C$19.92.

Dream Office Real Estate Investment Trst Price Performance

Shares of TSE D.UN traded up C$0.52 during midday trading on Monday, hitting C$19.17. The stock had a trading volume of 15,205 shares, compared to its average volume of 25,548. The company has a quick ratio of 0.15, a current ratio of 0.08 and a debt-to-equity ratio of 115.31. The stock has a 50 day simple moving average of C$18.33 and a 200-day simple moving average of C$17.61. The company has a market capitalization of C$314.31 million, a PE ratio of -3.18 and a beta of 1.42. 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 issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported C($0.38) EPS for the quarter. The firm had revenue of C$46.59 million 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%. On average, sell-side analysts expect that Dream Office Real Estate Investment Trst will post 1.4893899 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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