Dream Office Real Estate Investment Trust (TSE:D.UN – Get Rating) had its price target cut by Scotiabank from C$20.00 to C$19.50 in a research note published on Tuesday, BayStreet.CA reports.
D. UN has been the subject of several other reports. BMO Capital Markets decreased their price objective on shares of Dream Office Real Estate Investment Trust from C$23.00 to C$20.00 in a research note on Tuesday, November 8th. TD Securities upped their target price on shares of Dream Office Real Estate Investment Trust from C$18.00 to C$19.50 and gave the company a buy rating in a research note on Tuesday. CIBC decreased their target price on shares of Dream Office Real Estate Investment Trust from C$24.00 to C$20.00 and set an outperform rating for the company in a research note on Monday, November 7th. Royal Bank of Canada decreased their target price on shares of Dream Office Real Estate Investment Trust from C$21.00 to C$19.50 and set a sector performance rating for the company in a research note on Wednesday, November 9th. Finally, National Bankshares decreased their target price on shares of Dream Office Real Estate Investment Trust from C$18.25 to C$18.00 and set a sector performing rating for the company in a research note on Monday, January 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of C$20.31.
Dream Office Real Estate Investment Trust Price Performance
D. UN opened at C$16.50 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 82.98. Dream Office Real Estate Investment Trust has a 52-week low of C$14.48 and a 52-week high of C$30.53. The company has a 50 day moving average of C$15.96 and a two-hundred day moving average of C$16.45. The company has a market cap of C$760.82 million, a P/E ratio of 5.09 and a beta of 1.07.
Insider Activity at Dream Office Real Estate Investment Trust
In related news, Director Alistair Murray Sinclair sold 400,000 shares of the company’s stock in a transaction on Monday, December 5th. The shares were sold at an average price of C$1.53, for a total value of C$612,000.00. Following the sale, the director now directly owns 1,259,498 shares of the company’s stock, valued at C$1,927,031.94. 34.96% of the stock is currently owned by corporate insiders.
About Dream Office Real Estate Investment Trust
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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 centers across Canada, with a focus on downtown Toronto.
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