National Bankshares Increases Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target to C$22.50

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price objective upped by investment analysts at National Bankshares from C$18.75 to C$22.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. National Bankshares’ price objective suggests a potential downside of 0.04% from the company’s current price.

Other analysts have also issued research reports about 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 note on Monday, September 23rd. TD Securities upped their price target on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the company a “hold” rating in a research note on Wednesday, September 4th. Scotiabank lifted their price target on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$19.50 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Finally, Cormark cut their target price on Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a research report on Monday, August 19th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$18.75.

Dream Office Real Estate Investment Trst Stock Up 1.1 %

TSE D.UN traded up C$0.25 during trading hours on Wednesday, hitting C$22.51. 5,420 shares of the company traded hands, compared to its average volume of 45,409. Dream Office Real Estate Investment Trst has a twelve month low of C$14.50 and a twelve month high of C$23.34. The stock has a market capitalization of C$367.81 million, a price-to-earnings ratio of -7.74 and a beta of 1.21. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08. The business’s 50-day moving average is C$19.89 and its 200-day moving average is C$18.84.

Insider Buying and Selling at Dream Office Real Estate Investment Trst

In related news, Director Jane Gavan sold 14,700 shares of the firm’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. Corporate insiders own 47.23% of the company’s stock.

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.