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

PrR by PrR
2022-07-24
in Office
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Dream Office Real Estate Investment Trst (TSE:D.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages
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Dream Office Real Estate Investment Trst logoDream 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

(Get Rating)

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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Analyst Recommendations for Dream Office Real Estate Investment Trst (TSE:D.UN)

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.

Should you invest $1,000 in Dream Office Real Estate Investment Trst right now?

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