Dream Office Real Estate Investment Trst (TSE:D.UN – Get Free Report) had its price target reduced by stock analysts at National Bankshares from C$19.00 to C$18.75 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ target price indicates a potential downside of 2.95% from the stock’s current price.
A number of other brokerages have also issued reports on D.UN. Desjardins decreased 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. Canaccord Genuity Group lowered their price objective on 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 note on Friday, February 16th. TD Securities downgraded Dream Office Real Estate Investment Trst from a “buy” rating to a “hold” rating and upped their target price for the company from C$18.00 to C$21.00 in a research report on Wednesday, April 10th. Royal Bank of Canada decreased their price target on Dream Office Real Estate Investment Trst from C$10.00 to C$9.00 and set a “sector perform” rating on the stock in a research report on Friday, February 23rd. Finally, Cormark boosted their price target on Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a research note on Friday, March 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Dream Office Real Estate Investment Trst currently has an average rating of “Hold” and an average target price of C$13.75.
Read Our Latest Analysis on Dream Office Real Estate Investment Trst
Dream Office Real Estate Investment Trst Stock Performance
Insider Buying and Selling at Dream Office Real Estate Investment Trst
In related news, insider Artis Real Estate Investment Trust bought 10,500 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was purchased at an average price of C$21.11 per share, with a total value of C$221,613.00. In other news, Senior Officer Dream Asset Management Corporation acquired 148,600 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were bought at an average price of C$20.71 per share, with a total value of C$3,077,089.92. Also, insider Artis Real Estate Investment Trust bought 10,500 shares of the stock in a transaction on Friday, April 12th. The stock was purchased at an average cost of C$21.11 per share, with a total value of C$221,613.00. Insiders have acquired a total of 265,100 shares of company stock worth $3,804,879 over the last 90 days. Insiders own 74.38% of the company’s stock.
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.
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