Dream Office Real Estate Investment Trst (TSE:D.UN) Given Consensus Recommendation of “Moderate Buy” by Brokerages
Shares of Dream Office Real Estate Investment Trst (TSE:D.UN – Get Rating) have been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$27.03.
Several analysts recently weighed in on the stock. CIBC cut their price target on shares of Dream Office Real Estate Investment Trst from C$28.50 to C$27.00 in a report on Monday. Canaccord Genuity Group cut shares of Dream Office Real Estate Investment Trst to a “hold” rating and set a C$26.50 price target on the stock. in a report on Wednesday, April 6th. Scotiabank dropped their target price on shares of Dream Office Real Estate Investment Trst from C$26.50 to C$26.25 in a report on Monday, May 9th. Royal Bank of Canada dropped their target price on shares of 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. Finally, TD Securities dropped their target price on shares of 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.
In other Dream Office Real Estate Investment Trst news, Senior Officer Dream Asset Management Corporation bought 10,400 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 8,462,915 shares in the company, valued at C$191,261,879. Also, Director Michael Cooper bought 26,400 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was acquired at an average cost of C$22.73 per share, with a total value of C$600,127.44. Following the transaction, the director now owns 12,924,702 shares in the company, valued at approximately C$293,805,618.33. In the last ninety days, insiders bought 169,100 shares of company stock valued at $3,837,094.
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Shares of Dream Office Real Estate Investment Trst stock opened at C$19.47 on Wednesday. The company has a debt-to-equity ratio of 84.36, a quick ratio of 0.11 and a current ratio of 0.15. Dream Office Real Estate Investment Trst has a 52-week low of C$18.94 and a 52-week high of C$30.53. The stock has a market capitalization of C$915.67 million and a price-to-earnings ratio of 4.66. The company’s 50-day moving average price is C$22.77 and its 200-day moving average price is C$24.82.
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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