Dream Office Real Estate Investment Trst (TSE:D.UN) Receives C$18.19 Consensus PT from Analysts

Dream Office Real Estate Investment Trst (TSE:D.UN) has received an average recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$17.88.

Several brokerages have recently issued reports on D.UN. CIBC increased their price objective on shares of Dream Office Real Estate Investment Trst from C$17.00 to C$19.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. National Bankshares reduced their target price on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$18.75 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Scotiabank increased their target price on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$19.50 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Desjardins increased their target price on shares of Dream Office Real Estate Investment Trst from C$17.00 to C$18.00 and gave the stock a “hold” rating in a report on Monday, May 13th. Finally, Cormark reduced their target price on shares of Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a report on Monday.

Dream Office Real Estate Investment Trst Stock Down 0.2 %

Shares of D.UN stock opened at C$17.93 on Friday. The firm has a fifty day moving average of C$18.38 and a 200-day moving average of C$16.91. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31. Dream Office Real Estate Investment Trst has a 12-month low of C$14.50 and a 12-month high of C$27.30. The company has a market capitalization of C$292.98 million, a price-to-earnings ratio of -6.16 and a beta of 1.18.

Insider Buying and Selling at Dream Office Real Estate Investment Trst

In other news, insider Artis Real Estate Investment Trust purchased 12,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was purchased at an average price of C$19.43 per share, for a total transaction of C$233,184.00. In related news, insider Artis Real Estate Investment Trust acquired 12,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were bought at an average cost of C$19.43 per share, with a total value of C$233,184.00. Also, Director Jane Gavan sold 1,500 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of C$18.13, for a total transaction of C$27,201.00. Insiders bought a total of 91,200 shares of company stock worth $1,692,583 over the last quarter. 47.30% of the stock is currently owned by insiders.

About Dream Office Real Estate Investment Trst

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.