Dream Office Real Estate Investment Trst (TSE:D.UN) Reaches New 12-Month High at $24.01

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Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) hit a new 52-week high on Monday . The company traded as high as C$24.01 and last traded at C$23.99, with a volume of 5330 shares trading hands. The stock had previously closed at C$23.95.

Several analysts have commented on D.UN shares. BMO Capital Markets raised their target price on shares of Dream Office Real Estate Investment Trst from C$25.00 to C$26.00 in a report on Monday, May 13th. CIBC raised their target price on shares of Dream Office Real Estate Investment Trst from C$25.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Monday, February 25th. National Bank Financial lifted their price objective on shares of Dream Office Real Estate Investment Trst from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a report on Monday, February 25th. Finally, TD Securities raised their target price on shares of Dream Office Real Estate Investment Trst from C$24.50 to C$25.00 and gave the company a “hold” rating in a research note on Monday, February 25th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$25.80.

The company has a current ratio of 0.61, a quick ratio of 0.13 and a debt-to-equity ratio of 96.11. The stock has a market capitalization of $1.43 billion and a P/E ratio of 7.18.

In other news, Director Detlef Bierbaum sold 14,650 shares of Dream Office Real Estate Investment Trst stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of C$23.56, for a total transaction of C$345,190.63. Following the completion of the sale, the director now owns 59,988 shares of the company’s stock, valued at C$1,413,467.25. Also, Director Michael Cooper bought 18,100 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were purchased at an average cost of C$23.49 per share, with a total value of C$425,226.92. Following the acquisition, the director now directly owns 9,485,338 shares of the company’s stock, valued at approximately C$222,840,942.70. Over the last ninety days, insiders have acquired 329,200 shares of company stock valued at $7,721,031.

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About Dream Office Real Estate Investment Trst (TSE:D.UN)

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.

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