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

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) have received an average rating of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$16.94.

A number of brokerages have weighed in on D.UN. Desjardins increased their price target on Dream Office Real Estate Investment Trst from C$17.00 to C$18.00 and gave the stock a “hold” rating in a research note on Monday, May 13th. TD Securities dropped their target price on Dream Office Real Estate Investment Trst from C$20.00 to C$19.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. Canaccord Genuity Group raised their price target on Dream Office Real Estate Investment Trst from C$15.00 to C$16.75 and gave the stock a “hold” rating in a research note on Monday, May 13th. CIBC upped their price objective on shares of Dream Office Real Estate Investment Trst from C$17.00 to C$19.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, National Bankshares cut their price objective on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$18.75 and set an “outperform” rating on the stock in a report on Wednesday, April 24th.

Dream Office Real Estate Investment Trst Stock Performance

Shares of D.UN opened at C$19.55 on Tuesday. Dream Office Real Estate Investment Trst has a 1 year low of C$14.50 and a 1 year high of C$29.30. The company’s 50 day simple moving average is C$18.52 and its 200 day simple moving average is C$16.08. The company has a market capitalization of C$319.25 million, a price-to-earnings ratio of -6.72 and a beta of 1.22. The company has a debt-to-equity ratio of 111.85, a quick ratio of 0.16 and a current ratio of 0.06.

Insider Transactions at Dream Office Real Estate Investment Trst

In other Dream Office Real Estate Investment Trst news, insider Artis Real Estate Investment Trust purchased 24,800 shares of Dream Office Real Estate Investment Trst stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of C$19.25 per share, with a total value of C$477,357.84. In related news, insider Artis Real Estate Investment Trust purchased 24,800 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of C$19.25 per share, for a total transaction of C$477,357.84. Also, Director Jane Gavan sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of C$18.13, for a total value of C$27,201.00. Insiders have bought a total of 93,800 shares of company stock worth $1,784,165 in the last three months. 45.46% of the stock is currently owned by company 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.