Dream Office Real Estate Investment Trst (TSE:D.UN) PT Lowered to C$18.75 at National Bankshares

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price decreased by National Bankshares from C$19.00 to C$18.75 in a report issued on Wednesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the real estate investment trust’s stock.

A number of other research firms have also issued reports on D.UN. Desjardins lowered their price target on Dream Office Real Estate Investment Trst from C$10.00 to C$8.50 and set a buy rating on the stock in a report on Friday, February 16th. Scotiabank lowered their price target on Dream Office Real Estate Investment Trst from C$11.00 to C$10.00 and set a sector perform rating on the stock in a report on Thursday, February 22nd. Cormark raised their price objective on shares of Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a research report on Friday, March 8th. Royal Bank of Canada reduced their price objective on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$9.00 and set a sector perform rating for the company in a research report on Friday, February 23rd. Finally, TD Securities downgraded shares of Dream Office Real Estate Investment Trst from a buy rating to a hold rating and raised their price objective for the company from C$18.00 to C$21.00 in a research report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of C$13.75.

Dream Office Real Estate Investment Trst Stock Performance

TSE D.UN opened at C$19.47 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 111.93. Dream Office Real Estate Investment Trst has a 52-week low of C$14.50 and a 52-week high of C$30.42. The business’s 50-day moving average price is C$15.42 and its 200 day moving average price is C$11.60. The firm has a market cap of C$317.56 million, a P/E ratio of -5.61 and a beta of 1.19.

Insider Activity

In related news, Senior Officer Dream Asset Management Corporation purchased 148,600 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Wednesday, April 10th. The stock was bought at an average cost of C$20.71 per share, for a total transaction of C$3,077,089.92. In related news, insider Artis Real Estate Investment Trust purchased 13,300 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Wednesday, March 27th. The stock was bought at an average cost of C$16.21 per share, for a total transaction of C$215,631.57. Also, Senior Officer Dream Asset Management Corporation purchased 148,600 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Wednesday, April 10th. The shares were bought at an average price of C$20.71 per share, with a total value of C$3,077,089.92. In the last three months, insiders purchased 265,100 shares of company stock worth $3,804,879. Company insiders own 74.38% of the company’s stock.

Dream Office Real Estate Investment Trst Company Profile

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.