Dream Office Real Estate Investment Trst (TSE:D.UN – Get Rating) had its price target reduced by analysts at CIBC from C$28.50 to C$27.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 39.25% from the company’s previous close.
D.UN has been the topic of several other reports. Royal Bank of Canada reduced their target price on Dream Office Real Estate Investment Trst from C$27.00 to C$26.00 and set a “sector perform” rating on the stock in a research report on Monday, May 9th. Canaccord Genuity Group lowered Dream Office Real Estate Investment Trst to a “hold” rating and set a C$26.50 target price on the stock. in a research report on Wednesday, April 6th. Scotiabank reduced their target price on Dream Office Real Estate Investment Trst from C$26.50 to C$26.25 in a research report on Monday, May 9th. Finally, TD Securities reduced their target price on Dream Office Real Estate Investment Trst from C$33.00 to C$32.00 and set a “buy” rating on the stock in a research report on Monday, May 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$27.03.
Shares of D.UN stock traded down C$0.28 during mid-day trading on Monday, hitting C$19.39. The stock had a trading volume of 65,694 shares, compared to its average volume of 147,751. Dream Office Real Estate Investment Trst has a 12-month low of C$18.94 and a 12-month high of C$30.53. The firm has a market capitalization of C$911.91 million and a P/E ratio of 4.66. The firm’s 50-day moving average is C$23.07 and its two-hundred day moving average is C$24.88. The company has a debt-to-equity ratio of 84.36, a current ratio of 0.15 and a quick ratio of 0.11.
In other news, Director Michael Cooper bought 26,400 shares of the business’s stock in a transaction dated Wednesday, May 11th. The shares were acquired at an average price of C$22.73 per share, for a total transaction of C$600,127.44. Following the completion of the transaction, the director now owns 12,924,702 shares of the company’s stock, valued at C$293,805,618.33. Also, Senior Officer Dream Asset Management Corporation purchased 10,400 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The stock was bought at an average price of C$22.60 per share, for a total transaction of C$235,040.00. Following the transaction, the insider now directly owns 8,462,915 shares in the company, valued at C$191,261,879. Over the last 90 days, insiders have bought 169,100 shares of company stock valued at $3,837,094.
Dream Office Real Estate Investment Trst Company Profile (GetRated)
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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