Analysts Set Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target at C$20.50

Dream Office Real Estate Investment Trst (TSE:D.UN) has earned an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$20.50.

Several equities research analysts have commented on D.UN shares. Scotiabank dropped their target price on Dream Office Real Estate Investment Trst from C$21.00 to C$20.50 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Desjardins lowered their price target on Dream Office Real Estate Investment Trst from C$21.00 to C$19.50 and set a “hold” rating for the company in a research report on Tuesday, February 25th.

Dream Office Real Estate Investment Trst Stock Performance

Shares of D.UN opened at C$18.49 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31. The stock has a market cap of C$302.13 million, a P/E ratio of -6.35 and a beta of 1.21. The business’s 50 day moving average price is C$18.02 and its 200-day moving average price is C$19.36. Dream Office Real Estate Investment Trst has a 52 week low of C$15.70 and a 52 week high of C$23.04.

Insiders Place Their Bets

In related news, insider Artis Real Estate Investment Trust acquired 15,800 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of C$17.40 per share, for a total transaction of C$274,961.08. Also, Senior Officer Robert Michael Lockwood Hughes sold 1,544 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$17.94, for a total transaction of C$27,702.29. Corporate insiders own 47.23% of the company’s stock.

About Dream Office Real Estate Investment Trst

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.