Dream Office Real Estate Investment Trst (TSE:D.UN) Given Consensus Recommendation of “Hold” by Brokerages

Dream Office Real Estate Investment Trst (TSE:D.UN) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$20.14.

Several equities analysts recently issued reports on the stock. Desjardins dropped their target price on shares of Dream Office Real Estate Investment Trst from C$21.00 to C$19.50 and set a “hold” rating on the stock in a report on Tuesday. Scotiabank lowered their price objective 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 research report on Tuesday.

Dream Office Real Estate Investment Trst Trading Up 3.5 %

Shares of TSE D.UN traded up C$0.63 during midday trading on Tuesday, reaching C$18.52. The stock had a trading volume of 14,949 shares, compared to its average volume of 14,628. The company’s 50 day moving average price is C$18.06 and its 200 day moving average price is C$19.42. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08. Dream Office Real Estate Investment Trst has a twelve month low of C$14.90 and a twelve month high of C$23.04. The firm has a market cap of C$302.62 million, a price-to-earnings ratio of -6.36 and a beta of 1.21.

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.