Artis Real Estate Investment Trust Acquires 20,000 Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) Stock

Dream Office Real Estate Investment Trst (TSE:D.UN – Get Rating) insider Artis Real Estate Investment Trust acquired 20,000 shares of the stock in a transaction dated Monday, July 11th. The shares were bought at an average cost of C$19.19 per share, for a total transaction of C$383,862.00. Following the acquisition, the insider now owns 5,388,073 shares in the company, valued at approximately C$103,413,823.90.

Artis Real Estate Investment Trust also recently made the following trade(s):

• On Wednesday, July 13th, Artis Real Estate Investment Trust acquired 28,500 shares of Dream Office Real Estate Investment Trst stock. The shares were bought at an average cost of C$18.94 per share, for a total transaction of C$539,915.40.

Dream Office Real Estate Investment Trst Stock Performance

Shares of D.UN stock traded up C$0.01 during mid-day trading on Friday, reaching C$18.76. The stock had a trading volume of 89,237 shares, compared to its average volume of 143,811. The firm’s 50 day simple moving average is C$21.10 and its 200 day simple moving average is C$24.42. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 84.36. Dream Office Real Estate Investment Trst has a one year low of C$18.52 and a one year high of C$30.53. The firm has a market cap of C$882.28 million and a PE ratio of 5.30.

Analyst’s Set New Price Targets

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D.UN has been the topic of a number of analyst reports. Canaccord Genuity Group lowered Dream Office Real Estate Investment Trst to a “hold” rating and set a C$26.50 price objective on the stock. in a report on Wednesday, April 6th. CIBC lowered their target price on Dream Office Real Estate Investment Trst from C$28.50 to C$27.00 in a report on Monday, June 27th. Royal Bank of Canada lowered their target price on Dream Office Real Estate Investment Trst from C$27.00 to C$26.00 and set a “sector perform” rating on the stock in a report on Monday, May 9th. Scotiabank lowered their target price on Dream Office Real Estate Investment Trst from C$26.50 to C$26.25 in a report on Monday, May 9th. Finally, TD Securities lowered their target price on Dream Office Real Estate Investment Trst from C$33.00 to C$32.00 and set a “buy” rating on the stock in a report on Monday, May 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Dream Office Real Estate Investment Trst has an average rating of “Moderate Buy” and a consensus target price of C$27.03.

About Dream Office Real Estate Investment Trst

(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.

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