Dream Office REIT (D.UN-T)
178 watching
TSE:D.UN
25.04
0.02
(0.08%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Jan 19, 2022, 8:59 pm
0
DON'T BUY
They have a corridor of office space in downtown Toronto, more of a boutique style of building. It was hoped they would garner above-market rents and have started to roll this out to market, but the issue is that it is a more difficult market. We have not seen a lot of leasing yet. We have to believe there will be a net reduction in office space demand after the pandemic. He is not looking to invest in it right now.
property mngmnt / investment
$23.130
Unknown
PARTIAL BUY
Allan Tong’s Discover Picks I reiterate my buy call on Dream, which has climbed roughly 13.5% and paid half its 4.5% dividend since February. Its PE of 14.2x still trades below the industry’s 20x while its dividend relies on a payout ratio of 56%, also below the industry. Dream remains stable and safe, and good for income investors looking for their next REIT stock. Read 3 Promising Office and Mall REIT Stocks for our full analysis.
property mngmnt / investment
COMMENT
An adept CEO. The REIT operates in the tough office space. They may have to offer incentives to tenants. Don't expect the same level of past income growth, but this REIT is cheap and stable. There are better growth prospects elsewhere, but if you're patient, believe in office space and like this value story, then hold onto this.
property mngmnt / investment
PARTIAL BUY
Allan Tong’s Discover Picks Dream Office REIT,Stockchase’s research division recently recommended it and I have to agree. This REIT’s ROE stands at 15.17% vs. the industry’s 7.19%, and ROI is 8.43% against 3.89% of its peers. Dream Office REIT pays a 5.1% dividend which is inline with its peers, and the divvy is based on a very low 25.2% payout ratio. Cash flow is so robust that Dream has been buying back shares during the pandemic. Read 3 Daring Recovery Stocks for our full analysis.
property mngmnt / investment
TOP PICK
Stockchase Research Editor: Michael O'Reilly D.UN has survived the ravages of the pandemic, it pays an excellent dividend, backed by a 23% payout ratio of cashflow. Trading at 4.5x times earnings and 66% of book, it is good value here. As vaccinations increase and workplaces begin to reopen, this will continue to thrive. We would buy this with a stop-loss at $16, looking to achieve $25 -- upside potential of 28%. Yield 5.18% (Analysts’ price target is $24.96)
property mngmnt / investment
HOLD
Dream Office vs. Dream Industrial Never a fan of Dream Office, which had a lot of Alberta exposure. He prefers the industrial side, which has performed better and faces little competition; there are only 3-4 industrial REITs in Canada. Hold both, don't buy or sell.
property mngmnt / investment
COMMENT
It’s done quite well this year with a nice pop up. These are generally low risk stocks. He’s concerned about yield since it’s a little lower than others. It’s fairly valued right now.
property mngmnt / investment
HOLD
He owns quite a few of the Dream stocks. They have done well. US investors must be looking up here. The real estate market is really strong. Anytime he has sold a really good company on valuation he has regretted it.
property mngmnt / investment
HOLD
A few years ago they were paying out too high a dividend relative to cash flow. Once they reduced the dividend it has now moved back to book value around $27. It still has decent upside potential. Technically it could slip down to $22. Yield 3.57%
property mngmnt / investment
HOLD
In the past three years, they've sold $3 billion of assets. Now, they're concentrated on downtown Toronto--so this is a great way to play this area. A few years ago they trimmed their dividend and they won't increase it soon. Bay St. Village with future renovations looks promising. It's fairly valued now.
property mngmnt / investment
PAST TOP PICK
(A Top Pick Apr 01/19, Down 0.7%) They are not very active in raising equity, so they are off the radar for many investors. The CEO is buying their stock in massive amounts. This is great signal of support for the future business opportunities. The Toronto office market is very strong. He would continue to hold this.
property mngmnt / investment
COMMENT
On quite a ride. Sold assets to right size the balance sheet and buy back shares. Left with a core Toronto office portfolio. Investing in lobby renovations, which adds value. Dividend is well covered. For growth, this is the year you want to own it. Fairly valued. But what's the alternate plan for it?
property mngmnt / investment
DON'T BUY
Not a fan of the Management. They are focused in Alberta. He doesn't like office also. He prefers industrial.
property mngmnt / investment
TOP PICK
The CEO has been buying a lot of this stock. They have shrunk the portfolio. They have not yet announced their overall plans for the portfolio. A lot of NAV estimates are not giving credit to this. He thinks the company is setting up to be sold. (Analysts’ price target is $26.00)
property mngmnt / investment
Dream Office REIT(D.UN-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
Dream Office REIT(D.UN-T) Frequently Asked Questions
What is Dream Office REIT stock symbol?
Dream Office REIT is a Canadian stock, trading under the symbol D.UN-T on the Toronto Stock Exchange (D.UN-CT). It is usually referred to as TSX:D.UN or D.UN-T
Is Dream Office REIT a buy or a sell?
In the last year, 3 stock analysts published opinions about D.UN-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Dream Office REIT.
Is Dream Office REIT a good investment or a top pick?
Dream Office REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Dream Office REIT.
Why is Dream Office REIT stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Dream Office REIT worth watching?
3 stock analysts on Stockchase covered Dream Office REIT In the last year. It is a trending stock that is worth watching.
What is Dream Office REIT stock price?
On 2022-01-19, Dream Office REIT (D.UN-T) stock closed at a price of $25.04.
