Dream Office Real Estate Investment Trst (TSE:D.UN) Given Average Recommendation of “Hold” by Analysts

Dream Office Real Estate Investment Trst (TSE:D.UN) has received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$18.75.

A number of equities research analysts have weighed in on the stock. 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 research note on Wednesday, September 4th. Canaccord Genuity Group boosted 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. Scotiabank boosted their target price 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. Cormark reduced their price objective on Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a research note on Monday, August 19th. Finally, National Bankshares upped their price objective on Dream Office Real Estate Investment Trst from C$18.75 to C$22.50 in a research note on Wednesday, October 9th.

Insider Buying and Selling

In related news, Director Jane Gavan sold 14,700 shares of the company’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. In other Dream Office Real Estate Investment Trst news, Director Jane Gavan sold 14,700 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of C$22.24, for a total transaction of C$326,975.04. Also, Director Kellie Leitch sold 1,784 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of C$22.68, for a total transaction of C$40,455.23. 47.23% of the stock is currently owned by insiders.

Dream Office Real Estate Investment Trst Price Performance

Shares of D.UN opened at C$21.74 on Thursday. The firm has a market cap of C$355.23 million, a PE ratio of -7.47 and a beta of 1.21. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31. The firm has a fifty day simple moving average of C$21.03 and a two-hundred day simple moving average of C$19.46. Dream Office Real Estate Investment Trst has a 1-year low of C$14.90 and a 1-year high of C$23.34.

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.