Dream Office Real Estate Investment Trst (TSE:D.UN) Reaches New 1-Year Low at $17.19

Dream Office Real Estate Investment Trst (TSE:D.UNGet Rating) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$17.19 and last traded at C$17.26, with a volume of 57040 shares changing hands. The stock had previously closed at C$17.40.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. CIBC reduced their price target on shares of Dream Office Real Estate Investment Trst from C$27.00 to C$24.00 in a report on Monday, August 8th. National Bankshares upped their price target on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a report on Monday, August 8th. Scotiabank reduced their price target on shares of Dream Office Real Estate Investment Trst from C$26.25 to C$24.00 in a report on Monday, August 8th. BMO Capital Markets reduced their price objective on shares of Dream Office Real Estate Investment Trst from C$24.50 to C$23.00 in a research note on Wednesday, August 17th. Finally, Cormark reduced their price objective on shares of Dream Office Real Estate Investment Trst from C$27.00 to C$20.50 in a research note on Tuesday, August 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$23.00.

Dream Office Real Estate Investment Trst Stock Performance

The stock’s 50-day moving average price is C$18.97 and its 200-day moving average price is C$22.36. The company has a current ratio of 0.14, a quick ratio of 0.10 and a debt-to-equity ratio of 82.70. The company has a market capitalization of C$788.31 million and a P/E ratio of 3.87.

Insider Activity at Dream Office Real Estate Investment Trst

In other news, insider Artis Real Estate Investment Trust acquired 9,100 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were purchased at an average cost of C$20.37 per share, for a total transaction of C$185,337.88. Following the transaction, the insider now directly owns 5,504,173 shares in the company, valued at approximately C$112,102,390.66. In other Dream Office Real Estate Investment Trst news, Senior Officer Dream Asset Management Corporation acquired 150,000 shares of the stock in a transaction dated Tuesday, September 20th. The shares were bought at an average price of C$17.38 per share, with a total value of C$2,606,850.00. Following the purchase, the insider now directly owns 8,612,915 shares of the company’s stock, valued at approximately C$149,683,849.79. Also, insider Artis Real Estate Investment Trust acquired 9,100 shares of the stock in a transaction dated Friday, July 29th. The stock was acquired at an average cost of C$20.37 per share, for a total transaction of C$185,337.88. Following the purchase, the insider now directly owns 5,504,173 shares in the company, valued at C$112,102,390.66. Insiders have bought a total of 287,300 shares of company stock worth $5,138,518 in the last ninety days.

Dream Office Real Estate Investment Trst Company Profile

(Get Rating)

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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