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 cut by TD Securities from C$21.00 to C$20.00 in a research report issued on Wednesday, BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 4.22% from the stock’s previous close.

D.UN has been the subject of a number of other research reports. National Bankshares lowered their price objective 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. Canaccord Genuity Group lowered 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 report on Friday, February 16th. Desjardins lowered their price objective 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. Royal Bank of Canada lowered their price objective on shares of 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 report on Friday, February 23rd. Finally, Cormark increased their price objective on shares of Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a research report on Friday, March 8th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$13.75.

Dream Office Real Estate Investment Trst Stock Performance

Dream Office Real Estate Investment Trst stock opened at C$19.19 on Wednesday. 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 has a market cap of C$312.99 million, a price-to-earnings ratio of -5.53 and a beta of 1.19. The firm has a 50 day simple moving average of C$15.63 and a 200-day simple moving average of C$11.66. Dream Office Real Estate Investment Trst has a 1-year low of C$14.50 and a 1-year high of C$30.42.

Insiders Place Their Bets

In other Dream Office Real Estate Investment Trst news, insider Artis Real Estate Investment Trust bought 1,900 shares of Dream Office Real Estate Investment Trst stock in a transaction on Thursday, April 18th. The shares were bought at an average cost of C$17.55 per share, for a total transaction of C$33,337.97. In other news, insider Artis Real Estate Investment Trust acquired 1,900 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Thursday, April 18th. The shares were acquired at an average cost of C$17.55 per share, for a total transaction of C$33,337.97. Also, Senior Officer Dream Asset Management Corporation acquired 148,600 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Wednesday, April 10th. The stock was purchased at an average price of C$20.71 per share, for a total transaction of C$3,077,089.92. Insiders have acquired a total of 265,100 shares of company stock worth $3,804,879 in the last ninety days. 74.38% of the stock is owned by corporate 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.