Scotiabank Boosts Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target to C$19.50

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price objective boosted by Scotiabank from C$19.00 to C$19.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

Several other research analysts have also recently commented on the company. CIBC increased their price target on Dream Office Real Estate Investment Trst from C$17.00 to C$19.00 and gave the company a neutral rating in a research report on Monday, May 13th. National Bankshares decreased 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 research note on Wednesday, April 24th. TD Securities lowered their target price on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$19.00 and set a hold rating on the stock in a report on Tuesday, May 14th. Canaccord Genuity Group increased their price target on shares of Dream Office Real Estate Investment Trst from C$16.75 to C$17.25 and gave the company a hold rating in a research note on Tuesday, August 13th. Finally, Desjardins boosted their price objective 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 research note on Monday, May 13th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of C$18.19.

Dream Office Real Estate Investment Trst Trading Down 1.1 %

Shares of TSE:D.UN opened at C$17.96 on Wednesday. The company’s 50-day moving average price is C$18.41 and its two-hundred day moving average price is C$16.78. Dream Office Real Estate Investment Trst has a one year low of C$14.50 and a one year high of C$27.30. The company has a debt-to-equity ratio of 111.85, a current ratio of 0.06 and a quick ratio of 0.16. The stock has a market capitalization of C$293.29 million, a PE ratio of -6.17 and a beta of 1.22.

Insider Activity

In related news, Director Jane Gavan sold 1,500 shares of Dream Office Real Estate Investment Trst 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. In related 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 stock was sold at an average price of C$18.13, for a total transaction of C$27,201.00. Also, insider Artis Real Estate Investment Trust purchased 12,000 shares of Dream Office Real Estate Investment Trst stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average price of C$19.43 per share, with a total value of C$233,184.00. Insiders have purchased 91,200 shares of company stock valued at $1,692,583 over the last ninety days. 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.