Insider Buying: Dream Office Real Estate Investment Trst (TSE:D.UN) Senior Officer Purchases C$3,077,089.92 in Stock

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

Dream Office Real Estate Investment Trst Stock Down 0.2 %

Shares of TSE:D.UN opened at C$17.41 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 111.93. Dream Office Real Estate Investment Trst has a 52-week low of C$14.50 and a 52-week high of C$30.42. The stock’s fifty day simple moving average is C$14.71 and its 200-day simple moving average is C$11.31. The company has a market capitalization of C$283.96 million, a P/E ratio of -5.02 and a beta of 1.19.

Analyst Ratings Changes

Several analysts have weighed in on D.UN shares. TD Securities lowered 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 report on Wednesday, April 10th. Cormark upped their target price on Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a report on Friday, March 8th. National Bankshares upped their target price on Dream Office Real Estate Investment Trst from C$8.50 to C$11.00 and gave the company a “sector perform” rating in a report on Monday, January 29th. Royal Bank of Canada lowered their target price 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 report on Friday, February 23rd. Finally, Canaccord Genuity Group reduced 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 report on Friday, February 16th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Dream Office Real Estate Investment Trst has a consensus rating of “Hold” and a consensus 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.