Dream Office Real Estate Investment Trst (TSE:D.UN – Get Rating) had its price target trimmed by TD Securities from C$25.00 to C$21.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a buy rating on the real estate investment trust's stock.
Several other equities analysts have also recently commented on the stock. CIBC reduced their price target on shares of Dream Office Real Estate Investment Trst from C$27.00 to C$24.00 in a research report on Monday, August 8th. Cormark reduced their price target on shares of Dream Office Real Estate Investment Trst from C$27.00 to C$20.50 in a research report on Tuesday, August 9th. Royal Bank of Canada reduced their price target on shares of Dream Office Real Estate Investment Trst from C$22.00 to C$21.00 and set a sector perform rating on the stock in a research report on Monday, August 8th. Scotiabank reduced their price target on shares of Dream Office Real Estate Investment Trst from C$26.25 to C$24.00 in a research report on Monday, August 8th. Finally, National Bankshares increased their price target on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$20.00 and gave the stock a sector perform rating in a research report on Monday, August 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of C$22.50.
Get Dream Office Real Estate Investment Trst alerts:Dream Office Real Estate Investment Trst Stock Performance
TSE:D.UN opened at C$15.85 on Thursday. The company has a debt-to-equity ratio of 82.70, a current ratio of 0.14 and a quick ratio of 0.10. Dream Office Real Estate Investment Trst has a 1-year low of C$14.90 and a 1-year high of C$30.53. The firm has a 50-day moving average of C$17.32 and a two-hundred day moving average of C$20.39. The stock has a market cap of C$747.88 million and a P/E ratio of 3.66.
Insiders Place Their Bets
In other news, Senior Officer Dream Asset Management Corporation purchased 5,000 shares of the company's stock in a transaction on Tuesday, October 11th. The shares were bought at an average price of C$14.96 per share, for a total transaction of C$74,800.00. Following the completion of the purchase, the insider now owns 8,767,915 shares of the company's stock, valued at C$131,168,008.40. In other news, Senior Officer Dream Asset Management Corporation purchased 5,000 shares of the company's stock in a transaction on Tuesday, October 11th. The shares were bought at an average price of C$14.96 per share, for a total transaction of C$74,800.00. Following the completion of the purchase, the insider now owns 8,767,915 shares of the company's stock, valued at C$131,168,008.40. Also, insider Artis Real Estate Investment Trust purchased 9,300 shares of the company's stock in a transaction on Friday, August 12th. The stock was purchased at an average price of C$19.87 per share, for a total transaction of C$184,811.46. Following the purchase, the insider now directly owns 5,613,573 shares of the company's stock, valued at approximately C$111,554,045.37. Insiders have acquired 304,700 shares of company stock valued at $5,079,104 over the last quarter.Dream Office Real Estate Investment Trst Company Profile
(Get Rating)
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.
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