Dream Office Real Estate Investment Trst (TSE:D.UN) Rating Lowered to Hold at TD Securities

Dream Office Real Estate Investment Trst (TSE:D.UN) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a report released on Wednesday, BayStreet.CA reports. They currently have a C$21.00 price objective on the real estate investment trust’s stock, up from their prior price objective of C$18.00. TD Securities’ target price suggests a potential upside of 1.55% from the stock’s current price.

A number of other brokerages have also issued reports on D.UN. Canaccord Genuity Group lowered 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 lowered their target price 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. National Bankshares raised their target price on shares of Dream Office Real Estate Investment Trst from C$8.50 to C$11.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. Scotiabank lowered 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 on the stock in a research report on Thursday, February 22nd. Finally, Cormark raised their target price 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. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$13.00.

Dream Office Real Estate Investment Trst Stock Down 2.3 %

Dream Office Real Estate Investment Trst stock traded down C$0.49 during mid-day trading on Wednesday, hitting C$20.68. The company had a trading volume of 80,383 shares, compared to its average volume of 66,256. The stock has a market cap of C$337.29 million, a price-to-earnings ratio of -5.96 and a beta of 1.19. Dream Office Real Estate Investment Trst has a 1 year low of C$14.50 and a 1 year high of C$30.42. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 111.93. The business has a fifty day moving average of C$13.60 and a 200 day moving average of C$10.92.

Insider Buying and Selling at Dream Office Real Estate Investment Trst

In other Dream Office Real Estate Investment Trst news, Director Andrew Molson bought 80,400 shares of Dream Office Real Estate Investment Trst stock in a transaction on Wednesday, April 3rd. The stock was bought at an average price of C$1.19 per share, with a total value of C$95,676.00. In other Dream Office Real Estate Investment Trst news, Director Andrew Molson bought 80,400 shares of Dream Office Real Estate Investment Trst stock in a transaction on Wednesday, April 3rd. The stock was bought at an average price of C$1.19 per share, with a total value of C$95,676.00. Also, insider Artis Real Estate Investment Trust purchased 13,300 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were purchased at an average cost of C$16.21 per share, with a total value of C$215,631.57. Over the last quarter, insiders acquired 104,100 shares of company stock valued at $472,838. 74.38% of the stock is 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.