Dream Office Real Estate Investment Trst (TSE:D.UN) Reaches New 12-Month High at $25.00

Dream Office Real Estate Investment Trst (TSE:D.UN) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$25.00 and last traded at C$24.97, with a volume of 38025 shares traded. The stock had previously closed at C$24.50.

A number of equities analysts have recently issued reports on D.UN shares. Desjardins raised Dream Office Real Estate Investment Trst to a “buy” rating in a research report on Tuesday, December 14th. TD Securities raised their price objective on Dream Office Real Estate Investment Trst from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Tuesday, November 9th. CIBC raised their price objective on Dream Office Real Estate Investment Trst from C$26.50 to C$27.25 and gave the company an “outperform” rating in a research report on Monday, November 8th. National Bankshares raised their price objective on Dream Office Real Estate Investment Trst from C$24.00 to C$26.00 in a research report on Wednesday, October 20th. Finally, Royal Bank of Canada raised their price objective on Dream Office Real Estate Investment Trst from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Friday, November 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$25.68.

The company has a debt-to-equity ratio of 78.37, a current ratio of 0.05 and a quick ratio of 0.03. The firm has a market cap of C$1.20 billion and a price-to-earnings ratio of 8.64. The firm has a fifty day simple moving average of C$23.65 and a two-hundred day simple moving average of C$23.23.

In other Dream Office Real Estate Investment Trst news, Director Karine Macindoe sold 6,800 shares of the firm’s stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of C$23.80, for a total value of C$161,847.48.

About Dream Office Real Estate Investment Trst (TSE:D.UN)

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.

Further Reading: What is an Initial Public Offering (IPO)?

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