Canaccord Genuity Group Boosts Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target to C$17.25

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price lifted by Canaccord Genuity Group from C$16.75 to C$17.25 in a research report report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

A number of other research analysts have also recently issued reports on the company. National Bankshares lowered their price objective on 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. TD Securities lowered their price target on Dream Office Real Estate Investment Trst from C$20.00 to C$19.00 and set a hold rating for the company in a research report on Tuesday, May 14th. Desjardins upped their price target on shares of Dream Office Real Estate Investment Trst from C$17.00 to C$18.00 and gave the stock a hold rating in a research note on Monday, May 13th. Finally, CIBC raised 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 note on Monday, May 13th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of C$18.19.

Dream Office Real Estate Investment Trst Price Performance

D.UN opened at C$18.16 on Tuesday. The company has a current ratio of 0.06, a quick ratio of 0.16 and a debt-to-equity ratio of 111.85. The company has a market cap of C$296.55 million, a price-to-earnings ratio of -6.24 and a beta of 1.22. The stock has a fifty day simple moving average of C$18.43 and a two-hundred day simple moving average of C$16.73. Dream Office Real Estate Investment Trst has a 12-month low of C$14.50 and a 12-month high of C$27.30.

Insiders Place Their Bets

In related news, Director Jane Gavan sold 1,500 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of C$18.13, for a total value of C$27,201.00. In related news, Director Jane Gavan sold 1,500 shares of the business’s stock in a transaction that occurred 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. Also, insider Artis Real Estate Investment Trust bought 12,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were purchased at an average price of C$19.43 per share, for a total transaction of C$233,184.00. Over the last ninety days, insiders have acquired 91,200 shares of company stock worth $1,692,583. Company insiders own 45.46% 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.