TD Raises Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target to C$19.00

Key Points

• TD raised its price target for Dream Office REIT from C$18.50 to C$19.00 while maintaining a “hold” rating, implying roughly 0.05% downside from the previous close.
• Other analysts also remain cautious: National Bank Financial raised its target to C$20.50 and Desjardins to C$20.00. The stock has an average “Hold” rating and a consensus target price of C$20.17.
• Dream Office reported a quarterly loss of C$0.38 per share on revenue of C$46.59 million, alongside a negative net margin of 19.55% and a debt-to-equity ratio of 115.31.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) had its target price boosted by investment analysts at TD from C$18.50 to C$19.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a "hold" rating on the real estate investment trust's stock. TD's target price suggests a potential downside of 0.05% from the company's previous close.

Several other analysts have also recently issued reports on the company. National Bank Financial upped their target price on Dream Office Real Estate Investment Trst from C$20.00 to C$20.50 and gave the company a "sector perform" rating in a report on Monday. Desjardins lifted their price target on Dream Office Real Estate Investment Trst from C$18.50 to C$20.00 and gave the stock a "hold" rating in a report on Tuesday. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dream Office Real Estate Investment Trst currently has an average rating of "Hold" and a consensus target price of C$20.17.

Dream Office Real Estate Investment Trst Price Performance

Shares of Dream Office Real Estate Investment Trst stock traded up C$0.12 on Tuesday, hitting C$19.01. 16,518 shares of the company were exchanged, compared to its average volume of 25,506. The stock has a market capitalization of C$311.69 million, a price-to-earnings ratio of -3.16 and a beta of 1.42. The company has a 50-day moving average price of C$18.36 and a 200 day moving average price of C$17.61. Dream Office Real Estate Investment Trst has a 1-year low of C$15.35 and a 1-year high of C$21.59. The company has a quick ratio of 0.15, a current ratio of 0.08 and a debt-to-equity ratio of 115.31.

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 net margin of 19.55% and a negative return on equity of 3.21%. The company had revenue of C$46.59 million during the quarter. As a group, sell-side analysts predict that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share 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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