Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Cut to C$19.00 by Analysts at TD Securities

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) had its target price dropped by research analysts at TD Securities from C$20.00 to C$19.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a "hold" rating on the real estate investment trust's stock. TD Securities' price objective points to a potential upside of 3.77% from the stock's current price.

Several other equities research analysts have also weighed in on the stock. CIBC increased 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 research note on Monday. Royal Bank of Canada cut their price target on 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. Scotiabank lowered their price objective 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 note on Thursday, February 22nd. 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, National Bankshares lowered their price target on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$18.75 and set an "outperform" rating for the company in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Dream Office Real Estate Investment Trst presently has an average rating of "Hold" and an average target price of C$16.78.

Dream Office Real Estate Investment Trst Stock Performance

TSE D.UN remained flat at C$18.31 during mid-day trading on Tuesday. The company's stock had a trading volume of 60,990 shares, compared to its average volume of 63,360. Dream Office Real Estate Investment Trst has a 12-month low of C$14.50 and a 12-month high of C$30.42. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 111.93. The stock has a market capitalization of C$298.64 million, a P/E ratio of -5.28 and a beta of 1.22. The firm's fifty day simple moving average is C$17.62 and its two-hundred day simple moving average is C$12.62.

Insider Buying and Selling

In other Dream Office Real Estate Investment Trst news, Director Andrew Molson bought 80,400 shares of the firm's stock in a transaction that occurred on Wednesday, April 3rd. The stock was purchased at an average price of C$1.19 per share, for a total transaction of C$95,676.00. In related news, Director Andrew Molson purchased 80,400 shares of the firm's stock in a transaction on Wednesday, April 3rd. The shares were bought at an average cost of C$1.19 per share, for a total transaction of C$95,676.00. Also, insider Artis Real Estate Investment Trust bought 9,400 shares of Dream Office Real Estate Investment Trst stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average price of C$15.38 per share, with a total value of C$144,540.04. Insiders have bought 265,300 shares of company stock worth $3,808,679 in the last quarter. 76.85% of the stock is currently owned by company 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.