Dream Office Real Estate Investment Trst (TSE:D.UN) Shares Down 3.4%

Shares of Dream Office Real Estate Investment Trst (TSE:D.UNGet Rating) fell 3.4% during mid-day trading on Tuesday . The stock traded as low as C$17.45 and last traded at C$17.46. 44,699 shares traded hands during trading, a decline of 74% from the average session volume of 170,644 shares. The stock had previously closed at C$18.08.

Analyst Ratings Changes

A number of research firms have recently weighed in on D.UN. BMO Capital Markets lowered their target price on Dream Office Real Estate Investment Trst from C$24.50 to C$23.00 in a research note on Wednesday, August 17th. CIBC reduced their target price on Dream Office Real Estate Investment Trst from C$27.00 to C$24.00 in a report on Monday, August 8th. TD Securities reduced their target price on Dream Office Real Estate Investment Trst from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Cormark cut their price target on Dream Office Real Estate Investment Trst from C$27.00 to C$20.50 in a research note on Tuesday, August 9th. Finally, National Bankshares upped their price target on Dream Office Real Estate Investment Trst from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a research note on Monday, August 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Dream Office Real Estate Investment Trst has an average rating of “Moderate Buy” and an average target price of C$23.00.

Dream Office Real Estate Investment Trst Trading Down 2.0 %

The stock has a 50-day simple moving average of C$19.01 and a two-hundred day simple moving average of C$22.43. The company has a debt-to-equity ratio of 82.70, a quick ratio of 0.10 and a current ratio of 0.14. The firm has a market cap of C$802.42 million and a PE ratio of 3.94.

Insiders Place Their Bets

In other Dream Office Real Estate Investment Trst news, insider Artis Real Estate Investment Trust purchased 12,500 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Friday, July 15th. The stock was purchased at an average price of C$18.69 per share, with a total value of C$233,657.50. Following the transaction, the insider now directly owns 5,444,973 shares of the company’s stock, valued at C$101,780,702.30. In the last 90 days, insiders acquired 137,300 shares of company stock valued at $2,531,668.

About Dream Office Real Estate Investment Trst

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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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