Dream Office Real Estate Investment Trst (TSE:D.UN) PT Lowered to C$18.75

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) had its target price reduced by National Bankshares from C$19.00 to C$18.75 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. National Bankshares' target price indicates a potential downside of 3.70% from the company's current price.

Several other equities research analysts have also recently issued reports on D.UN. Canaccord Genuity Group lowered their price objective on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$7.00 and set a "hold" rating for the company in a research report on Friday, February 16th. Cormark upped their price objective on shares of Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a research note on Friday, March 8th. Royal Bank of Canada dropped their target price on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$9.00 and set a "sector perform" rating on the stock in a report on Friday, February 23rd. TD Securities lowered shares of Dream Office Real Estate Investment Trst from a "buy" rating to a "hold" rating and boosted their price target for the company from C$18.00 to C$21.00 in a report on Wednesday, April 10th. Finally, Scotiabank dropped their price objective on shares of Dream Office Real Estate Investment Trst from C$11.00 to C$10.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 22nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$13.75.

Dream Office Real Estate Investment Trst Trading Up 0.9 %

Shares of D.UN traded up C$0.17 during midday trading on Wednesday, hitting C$19.47. The stock had a trading volume of 27,316 shares, compared to its average volume of 67,125. The stock's 50 day moving average is C$15.42 and its 200 day moving average is C$11.60. The firm has a market cap of C$317.56 million, a PE ratio of -5.61 and a beta of 1.19. The company has a debt-to-equity ratio of 111.93, a current ratio of 0.18 and a quick ratio of 0.16. Dream Office Real Estate Investment Trst has a 1 year low of C$14.50 and a 1 year high of C$30.42.

Insiders Place Their Bets

In other Dream Office Real Estate Investment Trst news, insider Artis Real Estate Investment Trust bought 1,900 shares of the firm's stock in a transaction that occurred on Thursday, April 18th. The stock was bought at an average cost of C$17.55 per share, for a total transaction of C$33,337.97. In other news, Senior Officer Dream Asset Management Corporation bought 148,600 shares of the firm's stock in a transaction that occurred on Wednesday, April 10th. The stock was purchased at an average cost of C$20.71 per share, for a total transaction of C$3,077,089.92. Also, insider Artis Real Estate Investment Trust acquired 1,900 shares of the firm's stock in a transaction on Thursday, April 18th. The stock was purchased at an average price of C$17.55 per share, with a total value of C$33,337.97. In the last ninety days, insiders acquired 265,100 shares of company stock valued at $3,804,879. 74.38% of the stock is owned by insiders.

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.