Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Raised to C$27.00 at Royal Bank of Canada

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price boosted by Royal Bank of Canada from C$26.00 to C$27.00 in a report issued on Thursday morning, BayStreet.CA reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the stock. BMO Capital Markets upgraded shares of Dream Office Real Estate Investment Trst from a market perform rating to an outperform rating and boosted their price target for the company from C$26.00 to C$28.00 in a research report on Wednesday, July 31st. National Bank Financial boosted their price target on shares of Dream Office Real Estate Investment Trst from C$25.00 to C$27.00 and gave the company a sector perform rating in a research report on Monday, August 12th. Finally, TD Securities boosted their price target on shares of Dream Office Real Estate Investment Trst from C$26.00 to C$27.00 and gave the company a hold rating in a research report on Monday, August 12th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Dream Office Real Estate Investment Trst currently has an average rating of Hold and an average price target of C$27.00.

D.UN opened at C$26.61 on Thursday. The company has a fifty day moving average price of C$24.60 and a 200-day moving average price of C$24.12. The firm has a market capitalization of $1.57 billion and a P/E ratio of 9.94. The company has a debt-to-equity ratio of 85.45, a current ratio of 0.91 and a quick ratio of 0.08. Dream Office Real Estate Investment Trst has a one year low of C$21.56 and a one year high of C$26.70.

In related news, Director Michael Cooper bought 92,300 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of C$23.38 per share, for a total transaction of C$2,158,103.22. Following the completion of the transaction, the director now owns 9,756,938 shares of the company’s stock, valued at C$228,130,870.15. Also, Director Detlef Bierbaum sold 14,650 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of C$23.56, for a total transaction of C$345,190.63. Following the completion of the transaction, the director now owns 59,988 shares of the company’s stock, valued at C$1,413,467.25. Insiders have bought a total of 187,400 shares of company stock valued at $4,389,670 over the last 90 days.

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.

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

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