Canaccord Genuity Group Boosts Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target to C$19.50

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price boosted by research analysts at Canaccord Genuity Group from C$17.25 to C$19.50 in a report released on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Canaccord Genuity Group’s price objective indicates a potential downside of 14.59% from the company’s current price.

Other equities research analysts have also issued research reports about the company. 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. TD Securities boosted their target price on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. Finally, 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 report on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$18.28.

Dream Office Real Estate Investment Trst Stock Performance

TSE:D.UN traded up C$0.63 during mid-day trading on Monday, hitting C$22.83. The stock had a trading volume of 40,528 shares, compared to its average volume of 46,733. The company’s 50 day simple moving average is C$19.01 and its 200 day simple moving average is C$18.34. Dream Office Real Estate Investment Trst has a twelve month low of C$14.50 and a twelve month high of C$23.34. The stock has a market cap of C$373.04 million, a price-to-earnings ratio of -7.80 and a beta of 1.18. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08.

Insider Buying and Selling at Dream Office Real Estate Investment Trst

In other news, Director Jane Gavan sold 1,500 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of C$18.13, for a total transaction of C$27,201.00. Insiders own 47.27% 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.