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

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) have received a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$13.75.

Several research analysts have recently issued reports on D.UN shares. Desjardins reduced their price objective on 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 note on Friday, February 16th. Canaccord Genuity Group decreased their price objective on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$7.00 and set a “hold” rating for the company in a research note on Friday, February 16th. TD Securities cut their price objective on shares of Dream Office Real Estate Investment Trst from C$21.00 to C$20.00 in a research note on Wednesday, April 24th. National Bankshares decreased their target price on shares of 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 report on Wednesday, April 24th. Finally, Scotiabank lowered their price target on shares of Dream Office Real Estate Investment Trst from C$11.00 to C$10.00 and set a “sector perform” rating on the stock in a report on Thursday, February 22nd.

Dream Office Real Estate Investment Trst Price Performance

TSE D.UN opened at C$18.15 on Thursday. The company has a market cap of C$296.03 million, a price-to-earnings ratio of -5.23 and a beta of 1.22. The company has a debt-to-equity ratio of 111.93, a current ratio of 0.18 and a quick ratio of 0.16. The stock’s fifty day moving average price is C$17.44 and its 200 day moving average price is C$12.36. Dream Office Real Estate Investment Trst has a 1 year low of C$14.50 and a 1 year high of C$30.42.

Insider Activity at Dream Office Real Estate Investment Trst

In other Dream Office Real Estate Investment Trst news, insider Artis Real Estate Investment Trust purchased 9,400 shares of the stock in a transaction on Friday, March 8th. The shares were bought at an average price of C$15.38 per share, for a total transaction of C$144,540.04. In related news, insider Artis Real Estate Investment Trust acquired 9,400 shares of Dream Office Real Estate Investment Trst stock in a transaction on Friday, March 8th. The stock was bought at an average cost of C$15.38 per share, for a total transaction of C$144,540.04. Also, Director Andrew Molson acquired 80,400 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were bought at an average cost of C$1.19 per share, for a total transaction of C$95,676.00. Insiders acquired a total of 265,300 shares of company stock worth $3,808,679 in the last 90 days. Corporate insiders own 76.85% of the company’s stock.

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.