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Dream Office Real Estate Investment Trst (TSE:D.UN – Get Ratings) has been given a ‘moderate buy’ consensus rating by the nine brokerage firms that cover the company, MarketBeat Ratings reports. Two research analysts rated the stock with a hold rating and two issued buy ratings for the company. His average 12-month price target for analysts who updated their stock coverage last year is C$22.16.
Several equity analysts have recently commented on the company. CIBC lowered its price target for Dream Office Real Estate Investment Trst from C$27.00 to C$24.00 in its research note on Monday, August 8th. Scotiabank lowered its price target for Dream Office Real Estate Investment Trst from C$26.25 to C$24.00 in a research note on Monday 8 August. National Bankshares lowered its price target for Dream Office Real Estate Investment Trst from C$20.00 to C$17.25 in a research report on Monday 24 October. Royal Bank of Canada lowered its price target for Dream Office Real Estate Investment Trust from C$22.00 to C$21.00 and gave the stock a ‘Sector Performing’ rating in a research report on Monday, August 8. Finally, TD Securities lowered its price target for Dream Office Real Estate Investment Trst from C$25.00 to C$21.00 and gave the stock a Buy rating in its research report on Thursday, October 20th.
insider bet
In other Dream Office Real Estate Investment Trust news, insider Artis Real Estate Investment Trust purchased 15,000 shares in a transaction on Monday, August 8th. The shares were acquired at an average price of $19.56 CAD per share for an aggregate amount of CAD $293,401.50. After the completion of the acquisition, the insider now owns his 5,563,873 shares in the company, valued at C$108,829,912.27. In another news from Dream Office Real Estate Investment Trust, a senior officer at Dream Asset Management Corporation purchased 75,000 shares in a transaction on Monday, Sept. 26. The shares were acquired at an average price of $16.17 CAD per share for an aggregate amount of CAD $1,212,697.50. After the acquisition was completed, the insider now owns his 8,687,915 shares in the company, valued at C$140,477,504.01. Also, insider Artis Real Estate Investment Trust purchased 15,000 shares in a transaction on Monday, August 8th. The shares were acquired at an average price of $19.56 CAD per share for an aggregate amount of CAD $293,401.50. After the acquisition, Insider now owns 5,563,873 shares in the company, valued at approximately C$108,829,912.27. In the past 90 days, insiders have acquired 295,600 shares of company stock valued at $4,893,766.
Dream Office Real Estate Investment Trust Stock Performance
D.UN shares opened at C$15.41 on Tuesday. The company has a market capitalization of C$727.12 million and a price/earnings ratio of 3.56. The company has a quick ratio of 0.10, a current ratio of 0.14 and a debt to equity ratio of 82.70. Dream Office Real Estate Investment Trst has a 12-month low of C$14.90 and a 12-month high of C$30.53. His 50-day simple moving average for this business is $16.94 CAD and his 200-day simple moving average is $19.99 CAD.
DREAM OFFICE REAL ESTATE INVESTMENT TRUST COMPANY PROFILE
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Dream Office REIT is an unincorporated open-ended real estate investment trust. Dream Office REIT owns high-quality central business district office properties in prime urban locations across Canada, primarily in downtown Toronto.
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This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.
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