Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) has received a consensus recommendation of "Hold" from the eight ratings firms that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating 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$13.00.
A number of research firms have recently commented on D.UN. TD Securities cut Dream Office Real Estate Investment Trst from a "buy" rating to a "hold" rating and increased their target price for the stock from C$18.00 to C$21.00 in a research note on Wednesday. Desjardins cut their target price on Dream Office Real Estate Investment Trst from C$10.00 to C$8.50 and set a "buy" rating on the stock in a research note on Friday, February 16th. Canaccord Genuity Group cut their target price on Dream Office Real Estate Investment Trst from C$10.00 to C$7.00 and set a "hold" rating on the stock in a research note on Friday, February 16th. Cormark increased their target price on Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a research note on Friday, March 8th. Finally, National Bankshares upped their price target on Dream Office Real Estate Investment Trst from C$8.50 to C$11.00 and gave the company a "sector perform" rating in a report on Monday, January 29th.
Check Out Our Latest Report on D.UN
Insider Buying and Selling
In other Dream Office Real Estate Investment Trst news, Director Andrew Molson purchased 80,400 shares of the firm's stock in a transaction that occurred on Wednesday, April 3rd. The stock was purchased at an average cost of C$1.19 per share, with a total value of C$95,676.00. In other news, insider Artis Real Estate Investment Trust bought 13,300 shares of the firm's stock in a transaction on Wednesday, March 27th. The stock was acquired at an average cost of C$16.21 per share, with a total value of C$215,631.57. Also, Director Andrew Molson bought 80,400 shares of the firm's stock in a transaction on Wednesday, April 3rd. The shares were purchased at an average cost of C$1.19 per share, with a total value of C$95,676.00. In the last three months, insiders acquired 114,600 shares of company stock valued at $694,451. Insiders own 74.38% of the company's stock.
Dream Office Real Estate Investment Trst Trading Down 6.4 %
D.UN stock traded down C$1.38 during midday trading on Friday, hitting C$20.07. The company had a trading volume of 30,782 shares, compared to its average volume of 67,805. 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 stock's 50 day moving average price is C$14.25 and its 200 day moving average price is C$11.16. The stock has a market cap of C$327.34 million, a price-to-earnings ratio of -5.78 and a beta of 1.19.
About Dream Office Real Estate Investment Trst
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Get Free ReportDream 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.
Further Reading
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