Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Raised to C$19.00

Dream Office Real Estate Investment Trst (TSE:D.UNGet Free Report) had its price target upped by equities research analysts at CIBC from C$17.00 to C$19.00 in a report released on Monday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. CIBC’s price target suggests a potential upside of 4.34% from the company’s previous close.

D.UN has been the subject of a number of other reports. National Bankshares dropped their price target on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$18.75 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. TD Securities dropped their target price on shares of Dream Office Real Estate Investment Trst from C$21.00 to C$20.00 in a research report on Wednesday, April 24th. Scotiabank cut their price target on Dream Office Real Estate Investment Trst from C$11.00 to C$10.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 22nd. Canaccord Genuity Group lifted their price objective on Dream Office Real Estate Investment Trst from C$15.00 to C$16.75 and gave the stock a “hold” rating in a research note on Monday. Finally, Cormark increased their target price on Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a research note on Friday, March 8th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$16.89.

Check Out Our Latest Stock Analysis on D.UN

Dream Office Real Estate Investment Trst Trading Down 1.1 %

D.UN stock traded down C$0.21 during midday trading on Monday, reaching C$18.21. The stock had a trading volume of 24,383 shares, compared to its average volume of 63,248. The firm has a market cap of C$297.01 million, a price-to-earnings ratio of -5.25 and a beta of 1.22. Dream Office Real Estate Investment Trst has a twelve month low of C$14.50 and a twelve month high of C$30.42. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 111.93. The business has a fifty day simple moving average of C$17.56 and a two-hundred day simple moving average of C$12.55.

Insider Activity at Dream Office Real Estate Investment Trst

In related news, insider Artis Real Estate Investment Trust purchased 1,900 shares of the stock in a transaction on Thursday, April 18th. The shares were purchased at an average price of C$17.55 per share, with a total value of C$33,337.97. In other news, Senior Officer Dream Asset Management Corporation bought 148,600 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was acquired at an average cost of C$20.71 per share, for a total transaction of C$3,077,089.92. Also, insider Artis Real Estate Investment Trust purchased 1,900 shares of Dream Office Real Estate Investment Trst stock in a transaction that occurred on Thursday, April 18th. The shares were acquired at an average price of C$17.55 per share, with a total value of C$33,337.97. Over the last quarter, insiders have purchased 265,300 shares of company stock valued at $3,808,679. 76.85% of the stock is owned by insiders.

Dream Office Real Estate Investment Trst Company Profile

(Get Free Report)

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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Analyst Recommendations for Dream Office Real Estate Investment Trst (TSE:D.UN)

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