Dream Office Real Estate Investment Trst (TSE:D.UN) Given Consensus Recommendation of “Buy” by Brokerages
Dream Office Real Estate Investment Trst (TSE:D.UN) has been given an average rating of “buy” by the eight analysts currently covering the stock, reports Marketbeat.com. Two analysts have given the company a hold rating and four have given it a buy rating. The average 12-month target price among brokers who have covered the stock over the past year is CA$25.82.
A number of research analysts have recently commented on D.UN stock. Scotiabank raised its target price on Dream Office Real Estate Investment Trst from CAD$24.50 to CAD$25.50 in a research report on Monday, November 8th. TD Securities raised its target price on Dream Office Real Estate Investment Trst from $26.00 to $27.00 and issued a research report on Tuesday, November 9th with a “buy” rating of the company. The Royal Bank of Canada raised its target price on Dream Office Real Estate Investment Trst to $26.00 from $24.00 and gave the company a “Sector Perform” rating in a research report on Friday, November 12. . National Bankshares lowered Dream Office Real Estate Investment Trst to a hold rating and set a price target of C$27.00 for the company. in a research paper on Monday, January 17. Finally, CIBC raised its target price on Dream Office Real Estate Investment Trst from $26.50 to $27.25 and gave the company an Outperform rating in a research report on Monday, November 8th.
In other news from Dream Office Real Estate Investment Trst, Director Karine Macindoe sold 6,800 shares of the company in a transaction on Wednesday, November 17th. The stock sold at an average price of $23.80 for a total value of $161,847.48.
Shares of D.UN rose C$0.12 midday on Friday to hit C$24.20. The stock had a trading volume of 127,403 shares compared to an average volume of 112,054. The company has a market cap of CA$1.17 billion and a P/E of 8.42. The company’s 50-day simple moving average is $23.76 and its 200-day simple moving average is $23.31. The company has a quick ratio of 0.03, a current ratio of 0.05 and a debt to equity ratio of 78.37. Dream Office Real Estate Investment Trst has a 52-week low of CAD 19.12 and a 52-week high of CAD 25.26.
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Dream Office Real Estate Investment Trst Company Profile
Dream Office REIT is an unincorporated, open-ended real estate fund. Dream Office REIT owns well-located, quality central business district office properties in major urban centers throughout Canada, with a focus on downtown Toronto.
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