Dream Office Real Estate Investment Trst (TSE:D.UN) Given Average Rating of “Hold” by Brokerages

Dream Office Real Estate Investment Trst (TSE:D.UN) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$20.50.

A number of analysts have issued reports on the stock. Desjardins reduced their price target on shares of Dream Office Real Estate Investment Trst from C$21.00 to C$19.50 and set a “hold” rating on the stock in a report on Tuesday, February 25th. Scotiabank cut their price objective on 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 report on Tuesday, February 25th.

Insider Transactions at Dream Office Real Estate Investment Trst

In other news, insider Artis Real Estate Investment Trust purchased 15,800 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of C$17.40 per share, with a total value of C$274,961.08. Also, Senior Officer Robert Michael Lockwood Hughes sold 1,544 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$17.94, for a total transaction of C$27,702.29. Company insiders own 47.23% of the company’s stock.

Dream Office Real Estate Investment Trst Price Performance

TSE:D.UN opened at C$17.89 on Friday. The business’s 50-day simple moving average is C$18.04 and its two-hundred day simple moving average is C$19.35. Dream Office Real Estate Investment Trst has a 52 week low of C$15.88 and a 52 week high of C$23.04. The stock has a market cap of C$292.32 million, a PE ratio of -6.15 and a beta of 1.21. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31.

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.