National Bankshares Trims Dream Office Real Estate Investment Trst (TSE:D.UN) Target Price to C$18.75

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price objective reduced by National Bankshares from C$19.00 to C$18.75 in a research note published on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other brokerages have also weighed in on D.UN. Canaccord Genuity Group decreased their target price 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. Desjardins dropped 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 for the company in a research note on Friday, February 16th. Royal Bank of Canada lowered their target price on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$9.00 and set a sector perform rating for the company in a research note on Friday, February 23rd. Cormark increased their price objective 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. Finally, Scotiabank reduced their target price on shares of Dream Office Real Estate Investment Trst from C$11.00 to C$10.00 and set a sector perform rating for the company in a report on Thursday, February 22nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of C$13.75.

Dream Office Real Estate Investment Trst Stock Performance

Shares of D.UN opened at C$19.11 on Wednesday. The company has a market capitalization of C$311.68 million, a PE ratio of -5.51 and a beta of 1.19. Dream Office Real Estate Investment Trst has a one year low of C$14.50 and a one year high of C$30.42. The company has a debt-to-equity ratio of 111.93, a current ratio of 0.18 and a quick ratio of 0.16. The company’s fifty day moving average price is C$15.83 and its 200 day moving average price is C$11.71.

Insider Activity

In related news, Director Andrew Molson acquired 80,400 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were bought at an average cost of C$1.19 per share, with a total value of C$95,676.00. In other news, insider Artis Real Estate Investment Trust bought 1,900 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were purchased at an average cost of C$17.55 per share, with a total value of C$33,337.97. Also, Director Andrew Molson purchased 80,400 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Wednesday, April 3rd. The stock was bought at an average price of C$1.19 per share, for a total transaction of C$95,676.00. Insiders have purchased 265,300 shares of company stock valued at $3,808,679 over the last ninety days. 74.38% of the stock is currently owned by company insiders.

About Dream Office Real Estate Investment Trst

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.