TD Securities cut shares of Dream Office Real Estate Investment Trst (TSE:D.UN – Free Report) from a buy rating to a hold rating in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has C$21.00 target price on the real estate investment trust’s stock, up from their previous target price of C$18.00.
D.UN has been the subject of several other research reports. Desjardins dropped their price objective on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$8.50 and set a buy rating for the company in a report on Friday, February 16th. National Bankshares raised their price objective on shares of Dream Office Real Estate Investment Trst from C$8.50 to C$11.00 and gave the stock a sector perform rating in a report on Monday, January 29th. Canaccord Genuity Group dropped 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 report on Friday, February 16th. Royal Bank of Canada dropped their price objective 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 report on Friday, February 23rd. Finally, Cormark raised their price objective on shares of Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a report on Friday, March 8th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of C$13.00.
Read Our Latest Stock Analysis on D.UN
Dream Office Real Estate Investment Trst Stock Performance
TSE D.UN opened at C$22.14 on Wednesday. The firm has a market cap of C$361.10 million, a price-to-earnings ratio of -6.38 and a beta of 1.19. The company has a 50 day moving average of C$13.83 and a 200-day moving average of C$11.00. 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 1-year low of C$14.50 and a 1-year high of C$30.42.
Insider Activity
In related news, insider Artis Real Estate Investment Trust purchased 13,300 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were acquired at an average cost of C$16.21 per share, with a total value of C$215,631.57. In other Dream Office Real Estate Investment Trst news, insider Artis Real Estate Investment Trust acquired 13,300 shares of Dream Office Real Estate Investment Trst stock in a transaction on Wednesday, March 27th. The shares were purchased at an average cost of C$16.21 per share, with a total value of C$215,631.57. Also, Director Andrew Molson acquired 80,400 shares of Dream Office Real Estate Investment Trst 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. Insiders have purchased 104,100 shares of company stock valued at $472,838 over the last three months. 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.
Featured Articles
Receive News & Ratings for Dream Office Real Estate Investment Trst Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Dream Office Real Estate Investment Trst and related companies with MarketBeat.com’s FREE daily email newsletter.