Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) had its target price cut by investment analysts at Canaccord Genuity Group from C$20.00 to C$16.50 in a report released on Monday,BayStreet.CA reports. Canaccord Genuity Group's price objective would indicate a potential upside of 5.57% from the stock's previous close.
A number of other analysts have also commented on the stock. Desjardins reduced their price objective on shares of Dream Office Real Estate Investment Trst from C$21.00 to C$19.50 and set a "hold" rating for the company in a research note on Tuesday, February 25th. Scotiabank reduced their price objective on shares of 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 note on Tuesday, February 25th. Five analysts have rated the stock with a hold rating, According to MarketBeat, Dream Office Real Estate Investment Trst currently has an average rating of "Hold" and an average target price of C$20.00.
Read Our Latest Stock Analysis on D.UN
Dream Office Real Estate Investment Trst Price Performance
TSE D.UN traded up C$0.63 on Monday, reaching C$15.63. The company's stock had a trading volume of 24,047 shares, compared to its average volume of 18,876. Dream Office Real Estate Investment Trst has a twelve month low of C$14.05 and a twelve month high of C$23.04. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08. The stock has a market cap of C$255.39 million, a PE ratio of -5.37 and a beta of 1.21. The firm's 50 day moving average is C$16.56 and its two-hundred day moving average is C$18.00.
Insider Transactions at Dream Office Real Estate Investment Trst
In other news, insider Artis Real Estate Investment Trust acquired 15,800 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of C$17.40 per share, for a total transaction of C$274,961.08. Also, Senior Officer Robert Michael Lockwood Hughes sold 1,544 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$17.94, for a total value of C$27,702.29. 47.23% of the stock is owned by insiders.
About Dream Office Real Estate Investment Trst
(
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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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