Dream Office Real Estate Investment Trst (TSE:D.UN) Receives C$18.75 Consensus Target Price from Brokerages

Dream Office Real Estate Investment Trst (TSE:D.UN) has been given an average rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$18.75.

Several research analysts have issued reports on the company. TD Securities increased their price target on Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Canaccord Genuity Group increased their target price on Dream Office Real Estate Investment Trst from C$17.25 to C$19.50 and gave the stock a “hold” rating in a report on Monday, September 23rd. Finally, National Bankshares lifted their price target on shares of Dream Office Real Estate Investment Trst from C$18.75 to C$22.50 in a research report on Wednesday, October 9th.

Insiders Place Their Bets

In related news, Director Jane Gavan sold 14,700 shares of Dream Office Real Estate Investment Trst stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$22.24, for a total value of C$326,975.04. Also, Director Kellie Leitch sold 1,784 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of C$22.68, for a total value of C$40,455.23. 47.23% of the stock is currently owned by insiders.

Dream Office Real Estate Investment Trst Price Performance

D.UN stock opened at C$18.38 on Friday. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16. The company’s 50-day moving average is C$19.86 and its 200-day moving average is C$19.60. The stock has a market capitalization of C$300.33 million, a PE ratio of -6.32 and a beta of 1.21. Dream Office Real Estate Investment Trst has a 1 year low of C$14.90 and a 1 year high of C$23.34.

About Dream Office Real Estate Investment Trst

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.