Dream Office Real Estate Investment Trst (TSE:D.UN) Receives Average Rating of “Hold” from Brokerages

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$18.75.

D.UN has been the subject of several analyst reports. National Bankshares boosted their price target on Dream Office Real Estate Investment Trst from C$18.75 to C$22.50 in a report on Wednesday, October 9th. Canaccord Genuity Group increased their price target on Dream Office Real Estate Investment Trst from C$17.25 to C$19.50 and gave the company a “hold” rating in a report on Monday, September 23rd. Scotiabank raised their price objective on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$19.50 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Cormark lowered their price target 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 increased their price objective on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th.

Insider Activity

In other Dream Office Real Estate Investment Trst news, Director Jane Gavan sold 14,700 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$22.24, for a total transaction of C$326,975.04. Also, Director Kellie Leitch sold 1,784 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of C$22.68, for a total value of C$40,455.23. Insiders own 47.23% of the company’s stock.

Dream Office Real Estate Investment Trst Stock Performance

TSE D.UN opened at C$19.02 on Monday. The company has a market capitalization of C$310.79 million, a P/E ratio of -6.54 and a beta of 1.21. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16. Dream Office Real Estate Investment Trst has a 1-year low of C$14.90 and a 1-year high of C$23.34. The business has a 50 day moving average price of C$21.50 and a 200 day moving average price of C$19.56.

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.