Dream Office Real Estate Investment Trst (TSE:D.UN) Receives C$18.28 Consensus Target Price from Analysts

Dream Office Real Estate Investment Trst (TSE:D.UN) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$18.75.

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

Insiders Place Their Bets

In other news, Director Jane Gavan sold 14,700 shares of Dream Office Real Estate Investment Trst stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$22.24, for a total transaction of C$326,975.04. Corporate insiders own 47.23% of the company’s stock.

Dream Office Real Estate Investment Trst Stock Performance

Dream Office Real Estate Investment Trst has a one year low of C$14.50 and a one year high of C$23.34. The company has a market cap of C$365.20 million, a price-to-earnings ratio of -7.67 and a beta of 1.21. The company’s 50 day simple moving average is C$19.95 and its two-hundred day simple moving average is C$18.87. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31.

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.