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

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$14.03.

Several analysts have recently weighed in on the company. CIBC reduced their price target on Dream Office Real Estate Investment Trst from C$11.00 to C$10.00 and set a “neutral” rating on the stock in a report on Monday. Royal Bank of Canada lowered their target price on shares of Dream Office Real Estate Investment Trst from C$17.00 to C$15.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 8th. Desjardins cut their price target on shares of Dream Office Real Estate Investment Trst from C$10.50 to C$10.00 and set a “hold” rating on the stock in a research report on Monday. Cormark lowered their price objective on Dream Office Real Estate Investment Trst from C$17.00 to C$15.50 and set a “buy” rating for the company in a research report on Monday, August 21st. Finally, Canaccord Genuity Group lowered their target price on Dream Office Real Estate Investment Trst from C$13.00 to C$11.75 and set a “hold” rating for the company in a report on Monday, September 11th.

Dream Office Real Estate Investment Trst Stock Performance

TSE:D.UN opened at C$8.95 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.10 and a debt-to-equity ratio of 105.04. The firm has a market capitalization of C$291.95 million, a PE ratio of -5.00 and a beta of 1.07. Dream Office Real Estate Investment Trst has a twelve month low of C$7.25 and a twelve month high of C$17.23. The stock’s 50-day simple moving average is C$9.38 and its 200 day simple moving average is C$12.19.

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.