Dream Office Real Estate Investment Trst (TSE:D.UN) Senior Officer Dream Asset Management Corporation Acquires 150,000 Shares

Dream Office Real Estate Investment Trst (TSE:D.UN – Get Rating) Senior Officer Dream Asset Management Corporation bought 150,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was bought at an average cost of C$17.38 per share, for a total transaction of C$2,606,850.00. Following the transaction, the insider now owns 8,612,915 shares of the company’s stock, valued at approximately C$149,683,849.79.

Dream Office Real Estate Investment Trst Stock Performance

Shares of Dream Office Real Estate Investment Trst stock traded down C$0.29 on Thursday, hitting C$16.77. The stock had a trading volume of 110,010 shares, compared to its average volume of 172,882. Dream Office Real Estate Investment Trst has a twelve month low of C$16.75 and a twelve month high of C$30.53. The business’s 50 day moving average is C$19.01 and its two-hundred day moving average is C$22.43. The company has a quick ratio of 0.10, a current ratio of 0.14 and a debt-to-equity ratio of 82.70. The stock has a market cap of C$788.78 million and a price-to-earnings ratio of 3.94.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. National Bankshares lifted their target price on Dream Office Real Estate Investment Trst from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Monday, August 8th. Cormark lowered their price target on Dream Office Real Estate Investment Trst from C$27.00 to C$20.50 in a research report on Tuesday, August 9th. BMO Capital Markets lowered their price target on Dream Office Real Estate Investment Trst from C$24.50 to C$23.00 in a research report on Wednesday, August 17th. Scotiabank lowered their price target on Dream Office Real Estate Investment Trst from C$26.25 to C$24.00 in a research report on Monday, August 8th. Finally, CIBC lowered their price target on Dream Office Real Estate Investment Trst from C$27.00 to C$24.00 in a research report on Monday, August 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Dream Office Real Estate Investment Trst has a consensus rating of “Moderate Buy” and an average price target of C$23.00.

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.

Further Reading

Insider Buying and Selling by Quarter for Dream Office Real Estate Investment Trst (TSE:D.UN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Dream Office Real Estate Investment Trst, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Dream Office Real Estate Investment Trst wasn’t on the list.

While Dream Office Real Estate Investment Trst currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here