Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Cut to C$18.75

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price lowered by stock analysts at National Bankshares from C$19.00 to C$18.75 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ target price would indicate a potential downside of 2.29% from the company’s previous close.

Several other analysts also recently issued reports on the company. Desjardins reduced their price target on Dream Office Real Estate Investment Trst from C$10.00 to C$8.50 and set a “buy” rating for the company in a research note on Friday, February 16th. Scotiabank reduced their price target on Dream Office Real Estate Investment Trst from C$11.00 to C$10.00 and set a “sector perform” rating for the company in a research note on Thursday, February 22nd. Royal Bank of Canada reduced their price target on Dream Office Real Estate Investment Trst from C$10.00 to C$9.00 and set a “sector perform” rating for the company in a research note on Friday, February 23rd. Canaccord Genuity Group reduced their price target on Dream Office Real Estate Investment Trst from C$10.00 to C$7.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Finally, Cormark lifted their price objective on Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a report on Friday, March 8th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$13.75.

Dream Office Real Estate Investment Trst Stock Performance

D.UN opened at C$19.19 on Wednesday. The business has a fifty day simple moving average of C$15.63 and a 200 day simple moving average of C$11.66. The company has a market capitalization of C$312.99 million, a PE ratio of -5.53 and a beta of 1.19. Dream Office Real Estate Investment Trst has a 1 year low of C$14.50 and a 1 year high of C$30.42. The company has a debt-to-equity ratio of 111.93, a current ratio of 0.18 and a quick ratio of 0.16.

Insiders Place Their Bets

In other news, Director Andrew Molson bought 80,400 shares of the stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average price of C$1.19 per share, with a total value of C$95,676.00. In related news, insider Artis Real Estate Investment Trust purchased 1,900 shares of Dream Office Real Estate Investment Trst stock in a transaction on Thursday, April 18th. The shares were purchased at an average price of C$17.55 per share, for a total transaction of C$33,337.97. Also, Director Andrew Molson purchased 80,400 shares of Dream Office Real Estate Investment Trst stock in a transaction on Wednesday, April 3rd. The stock was bought at an average price of C$1.19 per share, for a total transaction of C$95,676.00. Insiders bought a total of 265,100 shares of company stock valued at $3,804,879 in the last 90 days. Corporate insiders own 74.38% of the company’s stock.

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.