Brokerages Set Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target at C$20.50

Dream Office Real Estate Investment Trst (TSE:D.UN) has been given an average recommendation of “Hold” by the six analysts that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$20.50.

Several research firms have issued reports on D.UN. Scotiabank lowered their price objective on shares of Dream Office Real Estate Investment Trst from C$21.00 to C$20.50 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. Desjardins lowered their price target on Dream Office Real Estate Investment Trst from C$21.00 to C$19.50 and set a “hold” rating for the company in a report on Tuesday, February 25th.

Insider Buying and Selling

In related news, Senior Officer Robert Michael Lockwood Hughes sold 1,544 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$17.94, for a total transaction of C$27,702.29. Also, insider Artis Real Estate Investment Trust acquired 15,800 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of C$17.40 per share, with a total value of C$274,961.08. 47.23% of the stock is currently owned by insiders.

Dream Office Real Estate Investment Trst Stock Up 2.0 %

TSE:D.UN opened at C$16.37 on Wednesday. The company has a market cap of C$267.49 million, a price-to-earnings ratio of -5.63 and a beta of 1.21. Dream Office Real Estate Investment Trst has a twelve month low of C$14.05 and a twelve month high of C$23.04. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31. The stock has a fifty day simple moving average of C$17.39 and a 200-day simple moving average of C$18.76.

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.