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

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$18.75.

Several analysts recently weighed in on D.UN shares. Cormark cut their price target on Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a research note on Monday, August 19th. National Bankshares upped their price target on Dream Office Real Estate Investment Trst from C$18.75 to C$22.50 in a research note on Wednesday, October 9th. Canaccord Genuity Group upped their price target 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. Scotiabank upped their price target on Dream Office Real Estate Investment Trst from C$19.00 to C$19.50 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. Finally, TD Securities upped their price target 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.

Insider Activity at Dream Office Real Estate Investment Trst

In related news, Director Kellie Leitch sold 1,784 shares of Dream Office Real Estate Investment Trst stock in a transaction on Thursday, October 17th. The stock was sold at an average price of C$22.68, for a total transaction of C$40,455.23. In other Dream Office Real Estate Investment Trst news, Director Kellie Leitch sold 1,784 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of C$22.68, for a total transaction of C$40,455.23. Also, Director Jane Gavan sold 14,700 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of C$22.24, for a total value of C$326,975.04. 47.23% of the stock is owned by company insiders.

Dream Office Real Estate Investment Trst Stock Down 2.3 %

D.UN stock opened at C$20.82 on Thursday. Dream Office Real Estate Investment Trst has a fifty-two week low of C$14.90 and a fifty-two week high of C$23.34. The business’s 50 day moving average price is C$21.16 and its two-hundred day moving average price is C$19.48. 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 company has a market capitalization of C$340.20 million, a price-to-earnings ratio of -7.15 and a beta of 1.21.

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.