Desjardins Has Lowered Expectations for Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price objective cut by Desjardins from C$21.00 to C$19.50 in a research note released on Tuesday,BayStreet.CA reports. They currently have a hold rating on the real estate investment trust’s stock.

Separately, Scotiabank dropped 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 research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$20.50.

Dream Office Real Estate Investment Trst Price Performance

Shares of TSE D.UN opened at C$18.34 on Tuesday. The business has a fifty day moving average price of C$18.06 and a two-hundred day moving average price of C$19.42. The stock has a market capitalization of C$299.68 million, a PE ratio of -6.30 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 fifty-two week low of C$14.90 and a fifty-two week high of C$23.04.

About Dream Office Real Estate Investment Trst

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.