Dream Office Real Estate Investment Trst (TSE:D.UN) Given New C$17.50 Price Target at Scotiabank

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price decreased by Scotiabank from C$20.50 to C$17.50 in a report released on Thursday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on D.UN. Canaccord Genuity Group cut their price target on Dream Office Real Estate Investment Trst from C$20.00 to C$16.50 in a research note on Monday, May 12th. Desjardins cut their price objective on Dream Office Real Estate Investment Trst from C$21.00 to C$19.50 and set a “hold” rating on the stock in a research note on Tuesday, February 25th.

Dream Office Real Estate Investment Trst Trading Up 4.9%

Shares of TSE D.UN opened at C$14.94 on Thursday. Dream Office Real Estate Investment Trst has a one year low of C$14.05 and a one year high of C$23.04. The firm has a market capitalization of C$244.12 million, a PE ratio of -5.13 and a beta of 1.21. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31. The business has a 50-day moving average price of C$16.17 and a two-hundred day moving average price of C$17.65.

Insider Transactions at Dream Office Real Estate Investment Trst

In other news, insider Artis Real Estate Investment Trust acquired 15,800 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of C$17.40 per share, with a total value of C$274,961.08. Also, Senior Officer Robert Michael Lockwood Hughes sold 1,544 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$17.94, for a total value of C$27,702.29. In the last quarter, insiders have sold 2,355 shares of company stock valued at $40,519. 47.23% of the stock is owned by corporate insiders.

Dream Office Real Estate Investment Trst Company Profile

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 centres across Canada, with a focus on downtown Toronto.