Dream Office Real Estate Investment Trst (TSE:D.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Dream Office Real Estate Investment Trst (TSE:D.UN – Get Rating) has received a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$26.32.

A number of equities research analysts have issued reports on the company. CIBC decreased their price objective on Dream Office Real Estate Investment Trst from C$28.50 to C$27.00 in a research report on Monday, June 27th. TD Securities reduced their price target 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 report on Monday, May 9th. Canaccord Genuity Group downgraded Dream Office Real Estate Investment Trst to a “hold” rating and set a C$26.50 price target on the stock. in a report on Wednesday, April 6th. Royal Bank of Canada reduced their price target 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 report on Monday, May 9th. Finally, Scotiabank reduced their price target on Dream Office Real Estate Investment Trst from C$26.50 to C$26.25 in a report on Monday, May 9th.

Dream Office Real Estate Investment Trst Trading Up 1.5 %

Shares of D.UN stock opened at C$19.72 on Friday. Dream Office Real Estate Investment Trst has a 1 year low of C$18.52 and a 1 year high of C$30.53. The company has a debt-to-equity ratio of 84.36, a current ratio of 0.15 and a quick ratio of 0.11. The stock’s 50 day simple moving average is C$20.76 and its two-hundred day simple moving average is C$24.24. The company has a market cap of C$927.43 million and a PE ratio of 5.57.

Insiders Place Their Bets

In other news, Senior Officer Dream Asset Management Corporation acquired 132,300 shares of Dream Office Real Estate Investment Trst stock in a transaction on Tuesday, May 10th. The shares were bought at an average cost of C$22.69 per share, for a total transaction of C$3,001,926.69. Following the acquisition, the insider now directly owns 8,426,115 shares of the company’s stock, valued at approximately C$191,191,077.18. In other news, Senior Officer Dream Asset Management Corporation acquired 132,300 shares of Dream Office Real Estate Investment Trst stock in a transaction on Tuesday, May 10th. The shares were bought at an average cost of C$22.69 per share, for a total transaction of C$3,001,926.69. Following the acquisition, the insider now directly owns 8,426,115 shares of the company’s stock, valued at approximately C$191,191,077.18. Also, insider Artis Real Estate Investment Trust acquired 12,500 shares of Dream Office Real Estate Investment Trst stock in a transaction on Friday, July 15th. The shares were purchased at an average price of C$18.69 per share, for a total transaction of C$233,657.50. Following the completion of the acquisition, the insider now directly owns 5,444,973 shares in the company, valued at C$101,780,702.30. Insiders have bought 230,100 shares of company stock worth $4,994,529 in the last ninety days.

About Dream Office Real Estate Investment Trst

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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 centres across Canada, with a focus on downtown Toronto.

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