Royal Bank of Canada Raises Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target to C$27.00

Dream Office Real Estate Investment Trst (TSE:D.UN – Get Rating) had its price objective raised by analysts at Royal Bank of Canada from C$26.00 to C$27.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 3.37% from the stock’s current price.

Several other equities research analysts also recently weighed in on D.UN. Scotiabank upped their price target on Dream Office Real Estate Investment Trst from C$24.50 to C$25.50 in a report on Monday, November 8th. CIBC upped their price target on Dream Office Real Estate Investment Trst from C$26.50 to C$27.25 and gave the stock an “outperform” rating in a report on Monday, November 8th. Desjardins upgraded Dream Office Real Estate Investment Trst to a “buy” rating in a report on Tuesday, December 14th. TD Securities increased their price objective on Dream Office Real Estate Investment Trst from C$27.00 to C$29.00 in a report on Tuesday. Finally, BMO Capital Markets increased their price objective on Dream Office Real Estate Investment Trst from C$25.50 to C$27.50 in a report on Tuesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$26.41.

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D.UN traded up C$0.38 during mid-day trading on Friday, hitting C$26.12. 83,344 shares of the stock were exchanged, compared to its average volume of 110,318. The firm’s fifty day moving average is C$24.58 and its two-hundred day moving average is C$23.62. Dream Office Real Estate Investment Trst has a 1-year low of C$19.82 and a 1-year high of C$26.23. The company has a current ratio of 0.17, a quick ratio of 0.13 and a debt-to-equity ratio of 83.15. The company has a market cap of C$1.26 billion and a PE ratio of 8.15.

Dream Office Real Estate Investment Trst Company Profile (Get Rating)

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 centers across Canada, with a focus on downtown Toronto.

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