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

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

A number of research firms have recently commented on D.UN. Scotiabank cut their target price on shares of 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 note on Tuesday, February 25th. Desjardins cut their price objective on Dream Office Real Estate Investment Trst from C$21.00 to C$19.50 and set a “hold” rating for the company in a research note on Tuesday, February 25th.

Insider Activity at Dream Office Real Estate Investment Trst

In other news, insider Artis Real Estate Investment Trust purchased 15,800 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased 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 firm’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. 47.23% of the stock is owned by corporate insiders.

Dream Office Real Estate Investment Trst Price Performance

Shares of TSE D.UN opened at C$16.01 on Wednesday. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08. The firm has a fifty day moving average of C$17.52 and a 200 day moving average of C$18.86. The firm has a market cap of C$261.60 million, a PE ratio of -5.50 and a beta of 1.21. Dream Office Real Estate Investment Trst has a one year low of C$14.05 and a one year high of C$23.04.

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.