National Bankshares Trims Dream Office Real Estate Investment Trst (TSE:D.UN) Target Price to C$18.75

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price objective decreased by investment analysts at National Bankshares from C$19.00 to C$18.75 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ price objective would indicate a potential downside of 2.29% from the stock’s previous close.

Several other analysts have also recently weighed in on D.UN. Desjardins cut their price objective on 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. Royal Bank of Canada cut their price objective 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. Cormark boosted their price target on Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a research report on Friday, March 8th. Canaccord Genuity Group dropped their price target 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 report on Friday, February 16th. Finally, Scotiabank dropped their price target on 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$13.75.

Dream Office Real Estate Investment Trst Stock Performance

Dream Office Real Estate Investment Trst stock opened at C$19.19 on Wednesday. The stock’s 50 day simple moving average is C$15.63 and its two-hundred day simple moving average is C$11.66. The company has a debt-to-equity ratio of 111.93, a quick ratio of 0.16 and a current ratio of 0.18. The stock has a market cap of C$312.99 million, a price-to-earnings ratio of -5.53 and a beta of 1.19. Dream Office Real Estate Investment Trst has a fifty-two week low of C$14.50 and a fifty-two week high of C$30.42.

Insider Buying and Selling

In other news, Director Andrew Molson acquired 80,400 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was bought at an average cost of C$1.19 per share, for a total transaction of C$95,676.00. In other news, Director Andrew Molson acquired 80,400 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was bought at an average cost of C$1.19 per share, for a total transaction of C$95,676.00. Also, Senior Officer Dream Asset Management Corporation acquired 148,600 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The stock was purchased at an average price of C$20.71 per share, with a total value of C$3,077,089.92. Insiders bought a total of 265,100 shares of company stock worth $3,804,879 in the last three months. Insiders own 74.38% of the company’s stock.

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.