Dream Office Real Estate Investment Trst (TSE:D.UN) Issues Earnings Results

Dream Office Real Estate Investment Trst (TSE:D.UN) announced its earnings results on Thursday. The real estate investment trust reported C$0.51 EPS for the quarter, FiscalAI reports. Dream Office Real Estate Investment Trst had a negative net margin of 19.55% and a negative return on equity of 3.21%. The business had revenue of C$46.31 million during the quarter.

Dream Office Real Estate Investment Trst Price Performance

Shares of D.UN traded up C$0.04 during mid-day trading on Thursday, reaching C$17.15. The stock had a trading volume of 21,841 shares, compared to its average volume of 26,591. The firm has a market cap of C$281.17 million, a price-to-earnings ratio of -2.08 and a beta of 1.04. Dream Office Real Estate Investment Trst has a 12 month low of C$14.17 and a 12 month high of C$21.59. The business has a fifty day moving average of C$16.54 and a 200 day moving average of C$17.58. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08.

Analyst Upgrades and Downgrades

A number of brokerages have commented on D.UN. Desjardins upped their target price on shares of 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. Scotiabank upped their target price on shares of Dream Office Real Estate Investment Trst from C$18.25 to C$19.50 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Finally, National Bank Financial dropped their price target on shares of Dream Office Real Estate Investment Trst from C$19.50 to C$19.00 and set a “sector perform” rating for the company in a research report on Monday, April 20th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dream Office Real Estate Investment Trst presently has a consensus rating of “Hold” and a consensus target price of C$19.33.

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.