TD Forecasts Strong Price Appreciation for Dream Office Real Estate Investment Trst (TSE:D.UN) Stock

Dream Office Real Estate Investment Trst (TSE:D.UN – Get Free Report) had its price objective boosted by equities researchers at TD from C$18.00 to C$18.50 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. TD’s price target would indicate a potential upside of 6.02% from the stock’s current price.

Several other brokerages also recently weighed in on D.UN. National Bank Financial cut their price target on Dream Office Real Estate Investment Trst from C$19.50 to C$19.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. Scotiabank upped their price target on Dream Office Real Estate Investment Trst from C$18.25 to C$19.50 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Finally, Desjardins increased their price objective on Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the company a “hold” rating in a report on Monday, February 23rd. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$19.67.

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Dream Office Real Estate Investment Trst Stock Down 0.9%

TSE D.UN traded down C$0.15 during trading hours on Tuesday, hitting C$17.45. 13,667 shares of the company were exchanged, compared to its average volume of 26,628. The company has a 50 day moving average of C$16.54 and a two-hundred day moving average of C$17.55. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31. Dream Office Real Estate Investment Trst has a 52-week low of C$14.17 and a 52-week high of C$21.59. The firm has a market cap of C$286.09 million, a price-to-earnings ratio of -2.11 and a beta of 1.04.

Dream Office Real Estate Investment Trst (TSE:D.UN – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported C$0.51 earnings per share 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 company had revenue of C$46.31 million for the quarter. Equities research analysts anticipate that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share for the current year.

Dream Office Real Estate Investment Trst Company Profile

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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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