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 been given an average recommendation of “Hold” by the seven brokerages that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$18.75.

A number of equities analysts have recently commented on D.UN shares. Scotiabank lifted their price objective on Dream Office Real Estate Investment Trst from C$19.00 to C$19.50 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. TD Securities lifted their price target on Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Cormark reduced their price objective on Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a research report on Monday, August 19th. National Bankshares raised their price objective on shares of Dream Office Real Estate Investment Trst from C$18.75 to C$22.50 in a research note on Wednesday, October 9th. Finally, Canaccord Genuity Group upped their target price on shares of Dream Office Real Estate Investment Trst from C$17.25 to C$19.50 and gave the company a “hold” rating in a research note on Monday, September 23rd.

Insiders Place Their Bets

In other news, Director Kellie Leitch sold 1,784 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of C$22.68, for a total value of C$40,455.23. Also, Director Jane Gavan sold 14,700 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$22.24, for a total value of C$326,975.04. Corporate insiders own 47.23% of the company’s stock.

Dream Office Real Estate Investment Trst Stock Performance

Shares of D.UN opened at C$19.02 on Monday. The company has a market capitalization of C$310.79 million, a PE ratio of -6.54 and a beta of 1.21. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16. Dream Office Real Estate Investment Trst has a one year low of C$14.90 and a one year high of C$23.34. The company’s fifty day moving average price is C$21.50 and its 200 day moving average price is C$19.56.

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.