Dream Office Real Estate Investment Trst (TSE:D.UN) Given Average Rating of “Hold” by Analysts

Dream Office Real Estate Investment Trst (TSE:D.UN) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$18.28.

A number of equities research analysts have recently weighed in on the company. Scotiabank boosted their price target on Dream Office Real Estate Investment Trst from C$19.00 to C$19.50 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. Cormark lowered their price target on Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a report on Monday, August 19th. TD Securities upped their price objective on 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. Finally, 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 stock a “hold” rating in a research note on Monday, September 23rd.

Dream Office Real Estate Investment Trst Stock Performance

Shares of D.UN opened at C$22.46 on Friday. Dream Office Real Estate Investment Trst has a 52-week low of C$14.50 and a 52-week 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 capitalization of C$367.00 million, a price-to-earnings ratio of -7.72 and a beta of 1.21. The stock has a 50 day moving average price of C$19.78 and a 200 day moving average price of C$18.73.

Insiders Place Their Bets

In other Dream Office Real Estate Investment Trst news, Director Jane Gavan sold 14,700 shares of the business’s stock in a transaction 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 currently owned by 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.