TD Securities Boosts Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target to C$27.00

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Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price raised by TD Securities from C$26.00 to C$27.00 in a research report released on Monday, BayStreet.CA reports. The firm currently has a hold rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets upgraded shares of Dream Office Real Estate Investment Trst from a market perform rating to an outperform rating and upped their price objective for the stock from C$26.00 to C$28.00 in a report on Wednesday, July 31st. National Bank Financial upped their price objective on shares of Dream Office Real Estate Investment Trst from C$25.00 to C$27.00 and gave the stock a sector perform rating in a report on Monday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Dream Office Real Estate Investment Trst presently has an average rating of Hold and an average price target of C$27.00.

Shares of TSE:D.UN opened at C$26.52 on Monday. The stock has a market capitalization of $1.57 billion and a PE ratio of 9.90. Dream Office Real Estate Investment Trst has a 1 year low of C$21.56 and a 1 year high of C$26.70. The firm has a fifty day moving average price of C$24.54 and a 200 day moving average price of C$24.10. The company has a current ratio of 0.91, a quick ratio of 0.08 and a debt-to-equity ratio of 85.45.

In other Dream Office Real Estate Investment Trst news, Director Detlef Bierbaum sold 14,650 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of C$23.56, for a total transaction of C$345,190.63. Following the completion of the sale, the director now directly owns 59,988 shares in the company, valued at C$1,413,467.25. Also, Director Michael Cooper purchased 65,400 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of C$23.50 per share, with a total value of C$1,536,723.42. Following the completion of the acquisition, the director now directly owns 9,550,738 shares of the company’s stock, valued at C$224,416,556.01. Insiders have acquired 187,400 shares of company stock valued at $4,389,670 over the last 90 days.

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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Analyst Recommendations for Dream Office Real Estate Investment Trst (TSE:D.UN)

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