Dream Office Real Estate Investment Trst (TSE:D.UN) Given Average Recommendation of “Hold” by Brokerages

Dream Office Real Estate Investment Trst (TSE:D.UN) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$18.00.

A number of research analysts have recently weighed in on D.UN shares. Scotiabank raised their price target on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$19.50 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. Canaccord Genuity Group boosted their price target on Dream Office Real Estate Investment Trst from C$16.75 to C$17.25 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Cormark lowered their price objective on Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a report on Monday, August 19th. Finally, TD Securities boosted their target price on Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th.

Dream Office Real Estate Investment Trst Price Performance

Shares of D.UN opened at C$22.20 on Wednesday. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08. The firm has a market cap of C$362.75 million, a PE ratio of -7.63 and a beta of 1.18. The firm’s 50 day moving average price is C$18.63 and its 200 day moving average price is C$18.08. Dream Office Real Estate Investment Trst has a twelve month low of C$14.50 and a twelve month high of C$24.06.

Insider Activity at Dream Office Real Estate Investment Trst

In related news, insider Artis Real Estate Investment Trust purchased 39,500 shares of Dream Office Real Estate Investment Trst stock in a transaction on Wednesday, June 19th. The stock was purchased at an average cost of C$18.82 per share, with a total value of C$743,247.80. In other Dream Office Real Estate Investment Trst news, 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. Also, insider Artis Real Estate Investment Trust purchased 39,500 shares of Dream Office Real Estate Investment Trst stock in a transaction on Wednesday, June 19th. The stock was bought at an average cost of C$18.82 per share, with a total value of C$743,247.80. 47.30% of the stock is currently owned by company 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.