Analysts Set Dream Office Real Estate Investment Trst (TSE:D.UN) Target Price at C$18.00

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

Several equities research analysts recently commented on D.UN shares. 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. Canaccord Genuity Group boosted their price objective on Dream Office Real Estate Investment Trst from C$16.75 to C$17.25 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Scotiabank raised their target price 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 note on Wednesday, August 14th. Finally, TD Securities boosted their price target on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th.

Insider Activity at Dream Office Real Estate Investment Trst

In other news, Director Jane Gavan sold 1,500 shares of Dream Office Real Estate Investment Trst stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of C$18.13, for a total value of C$27,201.00. 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 purchased 39,500 shares of the stock in a transaction dated Wednesday, June 19th. The shares were acquired at an average price of C$18.82 per share, for a total transaction of C$743,247.80. 47.30% of the stock is currently owned by corporate insiders.

Dream Office Real Estate Investment Trst Stock Up 8.5 %

Dream Office Real Estate Investment Trst stock opened at C$22.20 on Wednesday. Dream Office Real Estate Investment Trst has a 52 week low of C$14.50 and a 52 week high of C$24.06. The stock has a market cap of C$362.75 million, a price-to-earnings ratio of -7.63 and a beta of 1.18. The company’s 50-day moving average price is C$18.63 and its two-hundred day moving average price is C$18.08. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31.

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.