Dream Office Real Estate Investment Trst (TSE:D.UN) Receives C$20.50 Consensus Target Price from Brokerages

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$20.50.

Several research firms have recently issued reports on D.UN. Desjardins reduced their target price on Dream Office Real Estate Investment Trst from C$21.00 to C$19.50 and set a “hold” rating on the stock in a research note on Tuesday, February 25th. Scotiabank reduced their price objective on shares of Dream Office Real Estate Investment Trst from C$21.00 to C$20.50 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th.

Dream Office Real Estate Investment Trst Stock Down 0.9 %

Shares of TSE:D.UN opened at C$17.58 on Friday. The stock’s 50-day moving average is C$18.05 and its 200 day moving average is C$19.32. The company has a market cap of C$287.26 million, a PE ratio of -6.04 and a beta of 1.21. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16. Dream Office Real Estate Investment Trst has a 1 year low of C$15.88 and a 1 year high of C$23.04.

Insider Activity at Dream Office Real Estate Investment Trst

In related news, insider Artis Real Estate Investment Trust purchased 15,800 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of C$17.40 per share, with a total value of C$274,961.08. Also, Senior Officer Robert Michael Lockwood Hughes sold 1,544 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$17.94, for a total value of C$27,702.29. 47.23% 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.