Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Lowered to C$19.50 at Desjardins

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price target cut by research analysts at Desjardins from C$21.00 to C$19.50 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Desjardins’ price target indicates a potential upside of 5.35% from the company’s current price.

Separately, Scotiabank lowered their price target on Dream Office Real Estate Investment Trst from C$21.00 to C$20.50 and set a “sector perform” rating for the company in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$20.50.

Dream Office Real Estate Investment Trst Trading Up 3.5 %

D.UN stock traded up C$0.62 during midday trading on Tuesday, hitting C$18.51. The stock had a trading volume of 14,749 shares, compared to its average volume of 14,628. The firm has a market cap of C$302.45 million, a PE ratio of -6.36 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 12-month low of C$14.90 and a 12-month high of C$23.04. The company’s 50-day moving average price is C$18.06 and its 200 day moving average price is C$19.42.

Dream Office Real Estate Investment Trst Company Profile

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT owns well-located, high-quality central business district office properties in major urban centres across Canada, with a focus on downtown Toronto.