Dream Office Real Estate Investment Trst (TSE:D.UN) Senior Officer Dream Asset Management Corporation Buys 148,600 Shares

Dream Office Real Estate Investment Trst (TSE:D.UN) Senior Officer Dream Asset Management Corporation acquired 148,600 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was purchased at an average cost of C$20.71 per share, with a total value of C$3,077,089.92.

Dream Office Real Estate Investment Trst Price Performance

D.UN stock traded down C$2.00 during trading on Monday, reaching C$18.07. 74,963 shares of the company were exchanged, compared to its average volume of 67,878. The company has a 50-day moving average of C$14.25 and a two-hundred day moving average of C$11.16. The company has a market capitalization of C$294.72 million, a price-to-earnings ratio of -5.42 and a beta of 1.19. 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 company has a debt-to-equity ratio of 111.93, a current ratio of 0.18 and a quick ratio of 0.16.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Royal Bank of Canada decreased their price objective 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 report on Friday, February 23rd. National Bankshares lifted 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 report on Monday, January 29th. TD Securities downgraded shares of Dream Office Real Estate Investment Trst from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$18.00 to C$21.00 in a report on Wednesday, April 10th. Canaccord Genuity Group reduced 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 for the company in a report on Friday, February 16th. 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. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Dream Office Real Estate Investment Trst presently has an average rating of “Hold” and an average price target of C$13.00.

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.