Canaccord Genuity analyst Mark Rothschild maintained a Buy rating on Dream Office Real Estate Investment (OTC:DRETF) on Sunday, setting a price target of C$24.5, which is approximately 11.71% above the present share price of $18.09.
Rothschild expects Dream Office Real Estate Investment to post earnings per share (EPS) of $0.27 for the second quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Dream Office Real Estate Investment, with an average price target of $20.
The analysts price targets range from a high of $20.21 to a low of $19.8.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $51.82 million and a net profit of $24.43 million. The company's market cap is $1.01 billion.
According to TipRanks.com, Canaccord Genuity analyst Mark Rothschild is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.9% and a 79.12% success rate.
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. The company's office buildings located in central business districts are responsible for the vast majority of its revenue generation. Most of Dream Office's customers are in the finance, insurance, science, and government industries.