Analysts Set Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target at C$27.03
Dream Office Real Estate Investment Trst (TSE:D.UN – Get Rating) has been given an average rating of “Hold” by the nine research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$27.03.
Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reduced their price objective on Dream Office Real Estate Investment Trst from C$27.00 to C$26.00 and set a “sector perform” rating for the company in a research report on Monday, May 9th. Scotiabank reduced their price objective on Dream Office Real Estate Investment Trst from C$26.50 to C$26.25 in a research report on Monday, May 9th. Canaccord Genuity Group cut Dream Office Real Estate Investment Trst to a “hold” rating and set a C$26.50 price objective for the company. in a research report on Wednesday, April 6th. CIBC reduced their target price on Dream Office Real Estate Investment Trst from C$28.50 to C$27.00 in a research report on Monday, June 27th. Finally, TD Securities reduced their target price on Dream Office Real Estate Investment Trst from C$33.00 to C$32.00 and set a “buy” rating for the company in a research report on Monday, May 9th.
Shares of D.UN stock opened at C$19.38 on Wednesday. Dream Office Real Estate Investment Trst has a 12 month low of C$18.93 and a 12 month high of C$30.53. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 84.36. The company has a market cap of C$911.44 million and a PE ratio of 4.64. The business’s 50 day moving average is C$22.32 and its two-hundred day moving average is C$24.73.
In related news, Director Michael Cooper acquired 26,400 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was bought at an average cost of C$22.73 per share, with a total value of C$600,127.44. Following the completion of the acquisition, the director now owns 12,924,702 shares in the company, valued at C$293,805,618.33. So, Senior Officer Dream Asset Management Corporation bought 10,400 shares of the stock in a transaction dated Thursday, May 12th. The stock was acquired at an average price of C$22.60 per share, with a total value of C$235,040.00. Following the completion of the purchase, the insider now owns 8,462,915 shares of the company’s stock, valued at approximately C$191,261,879. Over the last three months, insiders have acquired 169,100 shares of company stock valued at $3,837,094.
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 centers across Canada, with a focus on downtown Toronto.
So see
Receive News & Ratings for Dream Office Real Estate Investment Trst Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Dream Office Real Estate Investment Trst and related companies with MarketBeat.com’s FREE daily email newsletter.