Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Increased to C$18.00 by Analysts at Desjardins

Dream Office Real Estate Investment Trst (TSE:D.UN - Free Report) had its price objective increased by Desjardins from C$17.00 to C$18.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a hold rating on the real estate investment trust's stock.

Several other brokerages have also recently weighed in on D.UN. Royal Bank of Canada dropped their price target on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$9.00 and set a sector perform rating for the company in a research report on Friday, February 23rd. Scotiabank lowered their price target on Dream Office Real Estate Investment Trst from C$11.00 to C$10.00 and set a sector perform rating for the company in a research report on Thursday, February 22nd. Cormark boosted their price objective on shares of Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a research report on Friday, March 8th. Canaccord Genuity Group raised their target price on Dream Office Real Estate Investment Trst from C$15.00 to C$16.75 and gave the company a hold rating in a research note on Monday. Finally, CIBC upped their price objective on shares of Dream Office Real Estate Investment Trst from C$17.00 to C$19.00 and gave the stock a neutral rating in a report on Monday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of C$16.89.

Dream Office Real Estate Investment Trst Trading Down 0.6 %

Shares of D.UN traded down C$0.11 during mid-day trading on Monday, reaching C$18.31. The company's stock had a trading volume of 37,020 shares, compared to its average volume of 63,386. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 111.93. Dream Office Real Estate Investment Trst has a 52 week low of C$14.50 and a 52 week high of C$30.42. The company's fifty day moving average price is C$17.56 and its two-hundred day moving average price is C$12.55. The stock has a market cap of C$298.64 million, a PE ratio of -5.25 and a beta of 1.22.

Insider Activity

In related news, Director Andrew Molson bought 80,400 shares of the firm's stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average cost of C$1.19 per share, for a total transaction of C$95,676.00. In other Dream Office Real Estate Investment Trst news, Director Andrew Molson purchased 80,400 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Wednesday, April 3rd. The stock was purchased at an average price of C$1.19 per share, with a total value of C$95,676.00. Also, Senior Officer Dream Asset Management Corporation acquired 148,600 shares of the company's stock in a transaction that occurred on Wednesday, April 10th. The stock was acquired at an average cost of C$20.71 per share, for a total transaction of C$3,077,089.92. Insiders have purchased a total of 265,300 shares of company stock valued at $3,808,679 in the last 90 days. 76.85% of the stock is currently owned by insiders.

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.