Dream Office Real Estate Investment Trst (TSE:D.UN) Given Average Rating of “Hold” by Brokerages

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$20.50.

Several analysts recently issued reports on D.UN shares. Scotiabank cut their target price on Dream Office Real Estate Investment Trst from C$21.00 to C$20.50 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. Desjardins cut their price target on Dream Office Real Estate Investment Trst from C$21.00 to C$19.50 and set a “hold” rating for the company in a report on Tuesday, February 25th.

Insider Activity

In related news, insider Artis Real Estate Investment Trust acquired 15,800 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost 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 firm’s stock in a transaction that occurred 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. Corporate insiders own 47.23% of the company’s stock.

Dream Office Real Estate Investment Trst Stock Performance

TSE:D.UN opened at C$17.82 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31. Dream Office Real Estate Investment Trst has a 12-month low of C$15.70 and a 12-month high of C$23.04. The stock has a 50-day moving average price of C$18.00 and a 200 day moving average price of C$19.37. The stock has a market capitalization of C$291.18 million, a P/E ratio of -6.12 and a beta of 1.21.

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.