Dream Office Real Estate Investment Trst (TSE:D.UN – Get Rating) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$22.16.
Several equities analysts have recently commented on the company. CIBC cut their price target on Dream Office Real Estate Investment Trst from C$27.00 to C$24.00 in a research note on Monday, August 8th. Scotiabank cut their price target on Dream Office Real Estate Investment Trst from C$26.25 to C$24.00 in a research note on Monday, August 8th. National Bankshares dropped their price objective on Dream Office Real Estate Investment Trst from C$20.00 to C$17.25 in a research report on Monday, October 24th. Royal Bank of Canada dropped their price objective on Dream Office Real Estate Investment Trst from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research report on Monday, August 8th. Finally, TD Securities dropped their price objective on Dream Office Real Estate Investment Trst from C$25.00 to C$21.00 and set a “buy” rating on the stock in a research report on Thursday, October 20th.
Insiders Place Their Bets
In other Dream Office Real Estate Investment Trst news, insider Artis Real Estate Investment Trust purchased 15,000 shares of the stock in a transaction on Monday, August 8th. The stock was acquired at an average price of C$19.56 per share, with a total value of C$293,401.50. Following the completion of the acquisition, the insider now owns 5,563,873 shares in the company, valued at C$108,829,912.27. In other Dream Office Real Estate Investment Trst news, Senior Officer Dream Asset Management Corporation purchased 75,000 shares of the stock in a transaction on Monday, September 26th. The stock was acquired at an average price of C$16.17 per share, with a total value of C$1,212,697.50. Following the completion of the acquisition, the insider now owns 8,687,915 shares in the company, valued at C$140,477,504.01. Also, insider Artis Real Estate Investment Trust purchased 15,000 shares of the stock in a transaction on Monday, August 8th. The stock was acquired at an average cost of C$19.56 per share, with a total value of C$293,401.50. Following the acquisition, the insider now owns 5,563,873 shares of the company’s stock, valued at approximately C$108,829,912.27. Over the last 90 days, insiders acquired 295,600 shares of company stock valued at $4,893,766.
Dream Office Real Estate Investment Trst Stock Performance
D.UN stock opened at C$15.41 on Tuesday. The firm has a market cap of C$727.12 million and a price-to-earnings ratio of 3.56. The company has a quick ratio of 0.10, a current ratio of 0.14 and a debt-to-equity ratio of 82.70. Dream Office Real Estate Investment Trst has a twelve month low of C$14.90 and a twelve month high of C$30.53. The business’s fifty day simple moving average is C$16.94 and its two-hundred day simple moving average is C$19.99.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Dream Office Real Estate Investment Trst, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Dream Office Real Estate Investment Trst wasn’t on the list.
While Dream Office Real Estate Investment Trst currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.