Dream Office Real Estate Investment Trst (TSE:D.UN) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$18.75.

Several brokerages recently weighed in on D.UN. Scotiabank raised their price target on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$19.50 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Cormark lowered their price target on Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a research report on Monday, August 19th. Canaccord Genuity Group raised their price objective on Dream Office Real Estate Investment Trst from C$17.25 to C$19.50 and gave the company a “hold” rating in a research note on Monday, September 23rd. National Bankshares upped their target price on shares of Dream Office Real Estate Investment Trst from C$18.75 to C$22.50 in a research note on Wednesday. Finally, TD Securities raised their price target on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th.

Insider Buying and Selling

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. 47.23% of the stock is currently owned by corporate insiders.

Dream Office Real Estate Investment Trst Stock Up 0.4 %

Dream Office Real Estate Investment Trst stock opened at C$22.44 on Friday. The firm has a market capitalization of C$366.67 million, a price-to-earnings ratio of -7.71 and a beta of 1.21. The firm’s fifty day moving average price is C$20.01 and its two-hundred day moving average price is C$18.94. Dream Office Real Estate Investment Trst has a 1-year low of C$14.50 and a 1-year high of C$23.34. 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 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.