Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Raised to C$17.00

Key Points

• National Bankshares has raised the price target for Dream Office Real Estate Investment Trust (TSE:D.UN) from C$16.50 to C$17.00, indicating a potential upside of 3.16% from its previous close.
• Several analysts have varied ratings on the stock, with Scotiabank increasing their price target to C$18.00, while Canaccord Genuity lowered theirs to C$16.50, resulting in a consensus "Hold" rating and target price of C$19.00.
• Dream Office Real Estate Investment Trust reported a stock price increase of 0.5% to C$16.48 during midday trading, with significant variations in its one-year range (C$14.05 to C$23.04).

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) had its price target increased by National Bankshares from C$16.50 to C$17.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the real estate investment trust's stock. National Bankshares' price target indicates a potential upside of 2.04% from the company's previous close.

Several other research firms also recently issued reports on D.UN. Canaccord Genuity Group cut their price objective on Dream Office Real Estate Investment Trst from C$20.00 to C$16.50 in a report on Monday, May 12th. Scotiabank boosted their price objective on Dream Office Real Estate Investment Trst from C$17.50 to C$18.00 and gave the company a "sector perform" rating in a report on Tuesday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of C$19.00.

Dream Office Real Estate Investment Trst Stock Performance

TSE D.UN remained flat at C$16.66 on Tuesday. The company's stock had a trading volume of 7,127 shares, compared to its average volume of 21,819. The firm has a fifty day simple moving average of C$16.47 and a two-hundred day simple moving average of C$16.66. The company has a market cap of C$272.22 million, a PE ratio of -5.73 and a beta of 1.21. 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 has a one year low of C$14.05 and a one year high of C$23.04.

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.