Dream Office Real Estate Investment Trst (TSE:D.UN) Receives Consensus Recommendation of “Buy” from Brokerages

Dream Office Real Estate Investment Trst (TSE:D.UN – Get Rating) has earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$27.22.

D.UN has been the subject of several analyst reports. BMO Capital Markets raised their price objective on Dream Office Real Estate Investment Trst from C$25.50 to C$27.50 in a research note on Tuesday, February 22nd. Canaccord Genuity Group lowered Dream Office Real Estate Investment Trst to a “hold” rating and set a C$26.50 price target for the company. in a research note on Wednesday, April 6th. Scotiabank decreased their price target on Dream Office Real Estate Investment Trst from C$26.50 to C$26.25 in a research note on Monday. Royal Bank of Canada decreased their price target 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 note on Monday. Finally, National Bankshares downgraded Dream Office Real Estate Investment Trst to a “hold” rating and set a C$27.00 price objective on the stock. in a report on Monday, January 17th.

In other Dream Office Real Estate Investment Trst news, Director Michael Cooper bought 320,000 shares of the company’s stock in a transaction that occurred on Friday, March 4th. The shares were purchased at an average cost of C$27.12 per share, for a total transaction of C$8,678,400.00. Following the purchase, the director now directly owns 12,730,002 shares in the company, valued at C$345,237,654.24.

TSE D.UN traded up C$0.26 during trading on Tuesday, hitting C$22.72. 51,982 shares of the stock traded hands, compared to its average volume of 138,936. The company has a market capitalization of C$1.07 billion and a P/E ratio of 7.08. The firm has a 50-day simple moving average of C$27.32 and a 200-day simple moving average of C$25.24. The company has a quick ratio of 0.13, a current ratio of 0.17 and a debt-to-equity ratio of 83.15. Dream Office Real Estate Investment Trst has a 12-month low of C$21.21 and a 12-month high of C$30.53.

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.

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Analyst Recommendations for Dream Office Real Estate Investment Trst (TSE:D.UN)

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