Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Raised to C$18.25

Dream Office Real Estate Investment Trst (TSE:D.UN – Get Rating) had its target price raised by National Bankshares from C$17.25 to C$18.25 in a report released on Tuesday, BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 13.00% from the company’s current price.

Several other research analysts have also weighed in on the company. BMO Capital Markets lowered their price target on Dream Office Real Estate Investment Trst from C$23.00 to C$20.00 in a research report on Tuesday, November 8th. Royal Bank of Canada reduced their price target on Dream Office Real Estate Investment Trst from C$21.00 to C$19.50 and set a “sector perform” rating for the company in a research note on Wednesday, November 9th. Scotiabank reduced their price target on Dream Office Real Estate Investment Trst from C$24.00 to C$20.00 in a research note on Tuesday, November 8th. TD Securities reduced their price target on Dream Office Real Estate Investment Trst from C$25.00 to C$21.00 and set a “buy” rating for the company in a research note on Thursday, October 20th. Finally, CIBC reduced their price target on Dream Office Real Estate Investment Trst from C$24.00 to C$20.00 and set an “outperform” rating for the company in a research note on Monday, November 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$20.72.

Dream Office Real Estate Investment Trst Stock Up 5.8 %

Shares of TSE D.UN traded up C$0.89 during mid-day trading on Tuesday, reaching C$16.15. 95,908 shares of the company’s stock were exchanged, compared to its average volume of 87,242. The firm has a market capitalization of C$744.66 million and a price-to-earnings ratio of 4.99. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 82.98. The business has a fifty day simple moving average of C$15.24 and a 200 day simple moving average of C$17.10. Dream Office Real Estate Investment Trst has a twelve month low of C$14.48 and a twelve month high of C$30.53.

Insider Transactions at Dream Office Real Estate Investment Trst

In other news, Director Alistair Murray Sinclair sold 400,000 shares of the business’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of C$1.53, for a total transaction of C$612,000.00. Following the completion of the transaction, the director now owns 1,259,498 shares of the company’s stock, valued at approximately C$1,927,031.94.

About Dream Office Real Estate Investment Trst

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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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