Canaccord Genuity Group Lowers Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target to C$16.50

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price objective cut by Canaccord Genuity Group from C$20.00 to C$16.50 in a research note released on Monday morning,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. Scotiabank dropped their price target on Dream Office Real Estate Investment Trst from C$21.00 to C$20.50 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. Desjardins dropped their target price on shares of Dream Office Real Estate Investment Trst from C$21.00 to C$19.50 and set a “hold” rating for the company in a report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$20.00.

Dream Office Real Estate Investment Trst Stock Performance

TSE D.UN opened at C$15.90 on Monday. The business has a 50 day moving average price of C$16.51 and a 200 day moving average price of C$17.95. The company has a market capitalization of C$259.81 million, a P/E ratio of -5.46 and a beta of 1.21. Dream Office Real Estate Investment Trst has a 1-year low of C$14.05 and a 1-year high of C$23.04. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16.

Insider Activity at Dream Office Real Estate Investment Trst

In related news, Senior Officer Robert Michael Lockwood Hughes sold 1,544 shares of Dream Office Real Estate Investment Trst stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$17.94, for a total transaction of C$27,702.29. Also, insider Artis Real Estate Investment Trust acquired 15,800 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of C$17.40 per share, with a total value of C$274,961.08. 47.23% of the stock is owned by insiders.

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.