Dream Office Real Estate Investment Trst (TSE:D.UN) PT Lowered to C$26.00

Dream Office Real Estate Investment Trst (TSE:D.UNGet Rating) had its target price cut by Royal Bank of Canada from C$27.00 to C$26.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target indicates a potential upside of 15.97% from the company’s previous close.

A number of other equities analysts also recently issued reports on D.UN. TD Securities cut their price target on Dream Office Real Estate Investment Trst from C$33.00 to C$32.00 and set a “buy” rating for the company in a research note on Monday. Canaccord Genuity Group downgraded Dream Office Real Estate Investment Trst to a “hold” rating and set a C$26.50 price objective on the stock. in a research note on Wednesday, April 6th. Scotiabank dropped their price objective on Dream Office Real Estate Investment Trst from C$26.50 to C$26.25 in a research note on Monday. National Bankshares downgraded Dream Office Real Estate Investment Trst to a “hold” rating and set a C$27.00 price objective on the stock. in a research note on Monday, January 17th. Finally, CIBC lowered their target price on shares of Dream Office Real Estate Investment Trst from C$31.50 to C$28.50 and set an “outperform” rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Dream Office Real Estate Investment Trst currently has a consensus rating of “Buy” and a consensus target price of C$27.22.

D.UN stock traded down C$1.33 during mid-day trading on Monday, reaching C$22.42. 102,545 shares of the company traded hands, compared to its average volume of 138,883. The stock has a market cap of C$1.06 billion and a price-to-earnings ratio of 6.98. The company has a quick ratio of 0.13, a current ratio of 0.17 and a debt-to-equity ratio of 83.15. Dream Office Real Estate Investment Trst has a fifty-two week low of C$21.21 and a fifty-two week high of C$30.53. The firm’s 50 day moving average price is C$27.40 and its 200 day moving average price is C$25.25.

In other news, Director Michael Cooper bought 30,000 shares of Dream Office Real Estate Investment Trst stock in a transaction that occurred on Monday, March 14th. The shares were acquired at an average price of C$28.67 per share, with a total value of C$860,073.00. Following the completion of the purchase, the director now directly owns 12,760,002 shares in the company, valued at C$365,817,773.34.

About Dream Office Real Estate Investment Trst (Get Rating)

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.

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Analyst Recommendations for Dream Office Real Estate Investment Trst (TSE:D.UN)

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