Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Raised to C$18.00

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price hoisted by investment analysts at Desjardins from C$17.00 to C$18.00 in a report released on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Desjardins’ price objective would suggest a potential downside of 1.69% from the stock’s current price.

Several other analysts have also commented on the stock. CIBC raised their price target on shares of Dream Office Real Estate Investment Trst from C$17.00 to C$19.00 and gave the company a “neutral” rating in a research report on Monday. Canaccord Genuity Group upped their target price on Dream Office Real Estate Investment Trst from C$15.00 to C$16.75 and gave the stock a “hold” rating in a research note on Monday. TD Securities reduced their price objective on shares of Dream Office Real Estate Investment Trst from C$21.00 to C$20.00 in a research report on Wednesday, April 24th. Royal Bank of Canada lowered their price objective on Dream Office Real Estate Investment Trst from C$10.00 to C$9.00 and set a “sector perform” rating on the stock in a report on Friday, February 23rd. Finally, Cormark increased their target price on Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a report on Friday, March 8th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$16.78.

Dream Office Real Estate Investment Trst Price Performance

Shares of D.UN stock opened at C$18.31 on Monday. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 111.93. Dream Office Real Estate Investment Trst has a twelve month low of C$14.50 and a twelve month high of C$30.42. The stock has a 50 day moving average of C$17.68 and a 200 day moving average of C$12.70. The stock has a market cap of C$298.64 million, a P/E ratio of -5.28 and a beta of 1.22.

Insider Activity at Dream Office Real Estate Investment Trst

In other news, insider Artis Real Estate Investment Trust bought 10,500 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average price of C$21.11 per share, for a total transaction of C$221,613.00. In related news, insider Artis Real Estate Investment Trust acquired 10,500 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Friday, April 12th. The stock was acquired at an average price of C$21.11 per share, for a total transaction of C$221,613.00. Also, Senior Officer Dream Asset Management Corporation bought 148,600 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were purchased at an average price of C$20.71 per share, for a total transaction of C$3,077,089.92. Over the last three months, insiders purchased 265,300 shares of company stock worth $3,808,679. Company 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.