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

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) have been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$13.75.

D.UN has been the subject of several recent research reports. Scotiabank decreased their price target on Dream Office Real Estate Investment Trst from C$11.00 to C$10.00 and set a “sector perform” rating for the company in a report on Thursday, February 22nd. Desjardins lowered their target price on shares of 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. 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. TD Securities lowered their price objective on Dream Office Real Estate Investment Trst from C$21.00 to C$20.00 in a report on Wednesday, April 24th. Finally, Canaccord Genuity Group cut their target price on Dream Office Real Estate Investment Trst from C$10.00 to C$7.00 and set a “hold” rating for the company in a research note on Friday, February 16th.

Dream Office Real Estate Investment Trst Trading Down 2.7 %

Shares of D.UN stock opened at C$18.15 on Thursday. The company has a market capitalization of C$296.03 million, a P/E ratio of -5.23 and a beta of 1.22. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 111.93. The business’s 50 day moving average is C$17.44 and its two-hundred day moving average is C$12.36. Dream Office Real Estate Investment Trst has a twelve month low of C$14.50 and a twelve month high of C$30.42.

Insider Buying and Selling

In related news, Director Andrew Molson acquired 80,400 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Wednesday, April 3rd. The shares were acquired at an average cost of C$1.19 per share, for a total transaction of C$95,676.00. In other news, insider Artis Real Estate Investment Trust bought 13,300 shares of the stock in a transaction on Wednesday, March 27th. The stock was purchased at an average cost of C$16.21 per share, with a total value of C$215,631.57. Also, Director Andrew Molson purchased 80,400 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average price of C$1.19 per share, with a total value of C$95,676.00. Insiders purchased 265,300 shares of company stock worth $3,808,679 in the last ninety days. Insiders own 76.85% 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.