Dream Office Real Estate Investment Trst (TSE:D.UN) PT Raised to C$16.75

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price raised by analysts at Canaccord Genuity Group from C$15.00 to C$16.75 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Canaccord Genuity Group’s price objective suggests a potential downside of 8.52% from the stock’s previous close.

A number of other research analysts have also weighed in on D.UN. TD Securities cut their target price 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 cut their price objective on 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. National Bankshares lowered their target price on Dream Office Real Estate Investment Trst from C$19.00 to C$18.75 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Cormark upped their price target on Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a report on Friday, March 8th. Finally, Desjardins dropped 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 research report on Friday, February 16th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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 stock’s 50 day simple moving average is C$17.68 and its 200 day simple moving average is C$12.70. 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 company has a debt-to-equity ratio of 111.93, a quick ratio of 0.16 and a current ratio of 0.18. The company has a market capitalization of C$298.64 million, a price-to-earnings ratio of -5.28 and a beta of 1.22.

Insider Buying and Selling

In related news, insider Artis Real Estate Investment Trust purchased 1,900 shares of the stock in a transaction on Thursday, April 18th. The shares were purchased at an average cost of C$17.55 per share, for a total transaction of C$33,337.97. In other news, insider Artis Real Estate Investment Trust purchased 1,900 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was purchased at an average cost of C$17.55 per share, with a total value of C$33,337.97. Also, Director Andrew Molson purchased 80,400 shares of Dream Office Real Estate Investment Trst stock in a transaction on Wednesday, April 3rd. The stock was purchased at an average price of C$1.19 per share, for a total transaction of C$95,676.00. Insiders acquired 265,300 shares of company stock valued at $3,808,679 over the last quarter. Corporate insiders own 76.85% 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.