Dream Office Real Estate Investment Trst (TSE:D.UN) Receives C$18.00 Consensus Price Target from Brokerages

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) have received an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$18.00.

A number of brokerages have recently commented on D.UN. Canaccord Genuity Group raised their price target on Dream Office Real Estate Investment Trst from C$16.75 to C$17.25 and gave the company a “hold” rating in a report on Tuesday, August 13th. Cormark dropped their target price on Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a report on Monday, August 19th. Scotiabank lifted their price target on Dream Office Real Estate Investment Trst from C$19.00 to C$19.50 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Finally, TD Securities raised their target price on Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the company a “hold” rating in a research note on Wednesday, September 4th.

Dream Office Real Estate Investment Trst Stock Up 8.5 %

D.UN opened at C$22.20 on Wednesday. The stock’s 50 day moving average price is C$18.63 and its 200 day moving average price is C$18.01. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16. The stock has a market cap of C$362.75 million, a P/E ratio of -7.63 and a beta of 1.18. Dream Office Real Estate Investment Trst has a 12 month low of C$14.50 and a 12 month high of C$24.06.

Insider Transactions at Dream Office Real Estate Investment Trst

In related news, insider Artis Real Estate Investment Trust bought 39,500 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average cost of C$18.82 per share, with a total value of C$743,247.80. In other news, Director Jane Gavan sold 1,500 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of C$18.13, for a total value of C$27,201.00. Also, insider Artis Real Estate Investment Trust bought 39,500 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average cost of C$18.82 per share, with a total value of C$743,247.80. Insiders purchased a total of 54,400 shares of company stock valued at $982,041 in the last three months. 47.30% of the stock is currently owned by corporate 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.