Dream Office Real Estate Investment Trst (TSE:D.UN – Get Free Report) had its target price lowered by stock analysts at National Bankshares from C$19.00 to C$18.75 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ target price would indicate a potential downside of 2.29% from the company’s previous close.
Several other analysts also recently issued reports on the company. Desjardins reduced their price target 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. Scotiabank reduced their price target 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. Royal Bank of Canada reduced their price target on Dream Office Real Estate Investment Trst from C$10.00 to C$9.00 and set a “sector perform” rating for the company in a research note on Friday, February 23rd. Canaccord Genuity Group reduced their price target on 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. Finally, Cormark lifted their price objective 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 given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$13.75.
Check Out Our Latest Report on Dream Office Real Estate Investment Trst
Dream Office Real Estate Investment Trst Stock Performance
Insiders Place Their Bets
In other news, Director Andrew Molson bought 80,400 shares of the stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average price of C$1.19 per share, with a total value of C$95,676.00. In related news, insider Artis Real Estate Investment Trust purchased 1,900 shares of Dream Office Real Estate Investment Trst stock in a transaction on Thursday, April 18th. The shares were purchased at an average price of C$17.55 per share, for a total transaction of C$33,337.97. Also, Director Andrew Molson purchased 80,400 shares of Dream Office Real Estate Investment Trst stock in a transaction on Wednesday, April 3rd. The stock was bought at an average price of C$1.19 per share, for a total transaction of C$95,676.00. Insiders bought a total of 265,100 shares of company stock valued at $3,804,879 in the last 90 days. Corporate insiders own 74.38% 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.
Recommended Stories
- Five stocks we like better than Dream Office Real Estate Investment Trst
- 5 Top Rated Dividend Stocks to Consider
- Hasbro’s Management Made All the Right Calls This Quarter
- Insider Trading – What You Need to Know
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- What Are Dividend Contenders? Investing in Dividend Contenders
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Dream Office Real Estate Investment Trst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dream Office Real Estate Investment Trst and related companies with MarketBeat.com's FREE daily email newsletter.