BMO Capital Markets Reduces Dream Office Real Estate Investment Trst (TSE:D.UN) Target Price to C$23.00 and Above Breaking News Here

Dream Office Real Estate Investment Trst (TSE: D.UN – Get Grade) had its target price reduced by BMO Capital Markets research analysts from C$24.50 to C$23.00 in a report released Wednesday, BayStreet.CA reports. BMO Capital Markets‘ price target indicates upside potential of 16.75% from the current share price.

Several other brokerages also commented on D.UN. Cormark lowered its price target on shares of Dream Office Real Estate Investment Trst from C$27.00 to C$20.50 in a Tuesday, August 9 research report. National Bankshares raised its price target on Dream Office Real Estate Investment Trst from CA$19.00 to CA$20.00 and gave the company an “industry performance” rating in a Monday, August 8 research note . Royal Bank of Canada lowered its target price on Dream Office Real Estate Investment Trst from CA$22.00 to CA$21.00 and set an ‘industry performance’ rating for the company in a Monday research report August 8. CIBC lowered its price target on Dream Office Real Estate Investment Trst from C$27.00 to C$24.00 in a Monday, August 8 research report. Finally, Scotiabank lowered its price target on Dream Office Real Estate Investment Trst from C$26.25 to C$24.00 in a Monday, August 8 report. Three equity research analysts gave the stock a hold rating and three gave the company a buy rating. Based on MarketBeat data, Dream Office Real Estate Investment Trst has a consensus rating of ‘Moderate Buy’ and a consensus target price of C$23.00.

Dream Office Real Estate Investment Trst Stock down 1.6%

Dream Office Real Estate Investment Trst stock traded at C$0.32 midday Wednesday, hitting C$19.70. 73,709 shares were traded, against an average volume of 138,318. Dream Office Real Estate Investment Trst has a 52-week low of C$18.52 and a 52-week high of C$30.53. The stock has a market cap of C$926.59 million and a price-to-earnings ratio of 4.55. The company’s 50-day moving average price is CA$19.70 and its 200-day moving average price is CA$23.69. The company has a quick ratio of 0.10, a current ratio of 0.14 and a debt ratio of 82.70.

Insider activity

Separately, insider Artis Real Estate Investment Trust bought 28,500 shares of the company in a trade that took place on Wednesday, July 13. The shares were acquired at an average price of CA$18.94 per share, for a total value of CA$539,915.40. Following the acquisition, the insider now owns 5,416,573 shares of the company, valued at approximately C$102,613,725.54. Insiders acquired a total of 130,300 shares of the company worth $2,522,918 during the last quarter.

About Dream Office Real Estate Investment Trst

(Get a rating)

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 centers across Canada, with an emphasis on downtown Toronto.

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

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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BMO Capital Markets adjusts target price of Dream Office Real Estate Investment Trst (TSE:D.UN) to C$23.00 and latest update

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BMO Capital Markets Lowers Dream Office Real Estate Investment Trst (TSE:D.UN) Target Price to C$23.00 and Above

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