Scotiabank 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 target reduced by Scotiabank from C$21.00 to C$20.50 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would suggest a potential upside of 10.75% from the company’s previous close.

Dream Office Real Estate Investment Trst Price Performance

Shares of TSE:D.UN traded up C$0.62 during midday trading on Tuesday, reaching C$18.51. 14,749 shares of the company were exchanged, compared to its average volume of 14,628. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31. The business’s fifty day moving average is C$18.06 and its two-hundred day moving average is C$19.42. Dream Office Real Estate Investment Trst has a one year low of C$14.90 and a one year high of C$23.04. The stock has a market cap of C$302.45 million, a PE 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.