Dream Office Real Estate Investment Trst (TSE:D.UN) Reaches New 12-Month High at $31.67

Dream Office Real Estate Investment Trst (TSE:D.UN) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$31.67 and last traded at C$31.67, with a volume of 19788 shares traded. The stock had previously closed at C$31.50.

Several analysts have recently issued reports on D.UN shares. CIBC increased their price target on shares of Dream Office Real Estate Investment Trst from C$27.00 to C$30.50 in a research report on Monday, November 11th. TD Securities increased their price target on shares of Dream Office Real Estate Investment Trst from C$27.00 to C$29.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada increased their price target on shares of Dream Office Real Estate Investment Trst from C$27.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 15th. Finally, National Bank Financial raised their target price on shares of Dream Office Real Estate Investment Trst from C$27.00 to C$30.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Dream Office Real Estate Investment Trst presently has an average rating of “Hold” and a consensus target price of C$29.42.

The company’s fifty day moving average is C$30.90 and its two-hundred day moving average is C$28.02. The stock has a market cap of $1.78 billion and a price-to-earnings ratio of 15.81. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 84.71.

In related news, Director Michael Cooper purchased 12,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of C$29.43 per share, for a total transaction of C$353,179.20. Following the completion of the purchase, the director now directly owns 9,778,938 shares of the company’s stock, valued at approximately C$287,809,791.64. Also, Senior Officer Dream Asset Management Corporation purchased 6,100 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was bought at an average price of C$29.97 per share, for a total transaction of C$182,814.56. Following the completion of the purchase, the insider now directly owns 3,482,823 shares of the company’s stock, valued at C$104,378,812.18. In the last ninety days, insiders purchased 833,464 shares of company stock worth $25,311,753.

About Dream Office Real Estate Investment Trst (TSE:D.UN)

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.

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