Scotiabank Boosts Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target to C$19.50

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price lifted by analysts at Scotiabank from C$19.00 to C$19.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective points to a potential upside of 10.23% from the stock’s current price.

Several other equities research analysts have also issued reports on D.UN. National Bankshares decreased their price target on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$18.75 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Canaccord Genuity Group boosted their price objective on shares of Dream Office Real Estate Investment Trst from C$16.75 to C$17.25 and gave the company a “hold” rating in a research report on Tuesday. TD Securities decreased their price objective on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$19.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. CIBC boosted their price objective 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, May 13th. Finally, Desjardins boosted their price objective on shares of Dream Office Real Estate Investment Trst from C$17.00 to C$18.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$18.19.

Dream Office Real Estate Investment Trst Trading Down 0.4 %

TSE D.UN traded down C$0.07 on Wednesday, reaching C$17.69. The company had a trading volume of 7,282 shares, compared to its average volume of 48,430. The firm has a market cap of C$288.88 million, a price-to-earnings ratio of -6.09 and a beta of 1.22. Dream Office Real Estate Investment Trst has a fifty-two week low of C$14.50 and a fifty-two week high of C$27.30. The business has a 50 day moving average of C$18.49 and a two-hundred day moving average of C$16.71. The company has a debt-to-equity ratio of 111.85, a current ratio of 0.06 and a quick ratio of 0.16.

Insider Buying and Selling

In other Dream Office Real Estate Investment Trst news, Director Jane Gavan sold 1,500 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of C$18.13, for a total transaction of C$27,201.00. In other Dream Office Real Estate Investment Trst news, insider Artis Real Estate Investment Trust acquired 24,800 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was purchased at an average price of C$19.25 per share, for a total transaction of C$477,357.84. Also, Director Jane Gavan sold 1,500 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of C$18.13, for a total value of C$27,201.00. Insiders have bought a total of 91,200 shares of company stock valued at $1,692,583 over the last quarter. 45.46% of the stock is owned by corporate insiders.

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.