Dream Office Real Estate Investment Trst (TSE:D.UN) Receives C$18.75 Average Price Target from Analysts

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$18.75.

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group upped their price objective 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 report on Monday, September 23rd. TD Securities upped their price objective on Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Finally, National Bankshares upped their price objective on Dream Office Real Estate Investment Trst from C$18.75 to C$22.50 in a research report on Wednesday, October 9th.

Dream Office Real Estate Investment Trst Price Performance

Shares of Dream Office Real Estate Investment Trst stock opened at C$18.10 on Friday. The stock has a 50 day moving average of C$20.18 and a 200 day moving average of C$19.59. Dream Office Real Estate Investment Trst has a 12 month low of C$14.90 and a 12 month high of C$23.34. The firm has a market cap of C$295.75 million, a PE ratio of -6.22 and a beta of 1.21. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31.

Insider Buying and Selling

In other news, Director Kellie Leitch sold 1,784 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of C$22.68, for a total value of C$40,455.23. Also, Director Jane Gavan sold 14,700 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$22.24, for a total transaction of C$326,975.04. 47.23% of the stock is 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.