Dream Office Real Estate Investment Trst (TSE:D.UN) Receives Average Recommendation of “Hold” from Analysts

Dream Office Real Estate Investment Trst (TSE:D.UN) has been given an average rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$18.75.

Several equities analysts have weighed in on D.UN shares. National Bankshares increased their target price on Dream Office Real Estate Investment Trst from C$18.75 to C$22.50 in a research note on Wednesday, October 9th. Canaccord Genuity Group upped their price target on Dream Office Real Estate Investment Trst from C$17.25 to C$19.50 and gave the company a “hold” rating in a research note on Monday, September 23rd. Finally, TD Securities lifted their price objective 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 note on Wednesday, September 4th.

Dream Office Real Estate Investment Trst Stock Performance

D.UN stock opened at C$17.65 on Friday. Dream Office Real Estate Investment Trst has a twelve month low of C$14.90 and a twelve month high of C$23.34. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31. The company has a market cap of C$288.40 million, a P/E ratio of -6.07 and a beta of 1.21. The business’s fifty day moving average is C$20.27 and its 200-day moving average is C$19.60.

Insider Activity at Dream Office Real Estate Investment Trst

In related news, Director Jane Gavan sold 14,700 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$22.24, for a total value of C$326,975.04. Also, Director Kellie Leitch sold 1,784 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of C$22.68, for a total value of C$40,455.23. 47.23% of the stock is owned by insiders.

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.