Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Lowered to C$20.00 at TD Securities

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price objective reduced by TD Securities from C$21.00 to C$20.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

D.UN has been the topic of several other reports. National Bankshares decreased their target price on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$18.75 and set an outperform rating on the stock in a research report on Wednesday. Royal Bank of Canada reduced their price target on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$9.00 and set a sector perform rating on the stock in a research report on Friday, February 23rd. Cormark boosted their price target on shares of Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a research report on Friday, March 8th. Desjardins reduced their price target on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$8.50 and set a buy rating on the stock in a research report on Friday, February 16th. Finally, Canaccord Genuity Group reduced their price target on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$7.00 and set a hold rating on the stock in a research report on Friday, February 16th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Dream Office Real Estate Investment Trst presently has a consensus rating of Hold and an average target price of C$13.75.

Dream Office Real Estate Investment Trst Price Performance

Shares of Dream Office Real Estate Investment Trst stock opened at C$19.47 on Wednesday. The company has a debt-to-equity ratio of 111.93, a quick ratio of 0.16 and a current ratio of 0.18. The firm’s 50-day simple moving average is C$15.42 and its 200-day simple moving average is C$11.60. Dream Office Real Estate Investment Trst has a twelve month low of C$14.50 and a twelve month high of C$30.42. The firm has a market cap of C$317.56 million, a P/E ratio of -5.61 and a beta of 1.19.

Insiders Place Their Bets

In related news, Director Andrew Molson bought 80,400 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was bought at an average cost of C$1.19 per share, with a total value of C$95,676.00. In other Dream Office Real Estate Investment Trst news, Senior Officer Dream Asset Management Corporation purchased 148,600 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was acquired at an average cost of C$20.71 per share, with a total value of C$3,077,089.92. Also, Director Andrew Molson purchased 80,400 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were acquired at an average cost of C$1.19 per share, with a total value of C$95,676.00. Over the last three months, insiders purchased 265,100 shares of company stock valued at $3,804,879. Insiders own 74.38% of the company’s stock.

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.