Dream Office Real Estate Investment Trst (TSE:D.UN) PT Lowered to C$20.00

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price target lowered by TD Securities from C$21.00 to C$20.00 in a research note published on Wednesday morning, BayStreet.CA reports.

Other analysts also recently issued reports about the stock. Royal Bank of Canada cut their price target on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$9.00 and set a sector perform rating on the stock in a research report on Friday, February 23rd. Desjardins reduced their target price on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$8.50 and set a buy rating for the company in a research report on Friday, February 16th. National Bankshares dropped their price target 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. Scotiabank lowered their target price on Dream Office Real Estate Investment Trst from C$11.00 to C$10.00 and set a sector perform rating for the company in a research note on Thursday, February 22nd. Finally, Cormark boosted their price target on Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a report on Friday, March 8th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of C$13.75.

Dream Office Real Estate Investment Trst Stock Down 0.4 %

Shares of TSE:D.UN opened at C$19.11 on Wednesday. Dream Office Real Estate Investment Trst has a 12 month low of C$14.50 and a 12 month high of C$30.42. The company’s 50-day moving average price is C$15.83 and its two-hundred day moving average price is C$11.71. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 111.93. The firm has a market cap of C$311.68 million, a P/E ratio of -5.51 and a beta of 1.19.

Insider Activity at Dream Office Real Estate Investment Trst

In other news, Senior Officer Dream Asset Management Corporation purchased 148,600 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was bought at an average price of C$20.71 per share, for a total transaction of C$3,077,089.92. In related news, insider Artis Real Estate Investment Trust acquired 10,500 shares of the stock in a transaction on Friday, April 12th. The stock was purchased at an average price of C$21.11 per share, for a total transaction of C$221,613.00. Also, Senior Officer Dream Asset Management Corporation bought 148,600 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Wednesday, April 10th. The shares were acquired at an average cost of C$20.71 per share, for a total transaction of C$3,077,089.92. In the last three months, insiders purchased 265,300 shares of company stock valued at $3,808,679. 74.38% of the stock is owned by 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.