TD Securities raises Dream Office Real Estate Investment Trst (TSE:D.UN) price target to C$33.00

Dream Office Real Estate Investment Trst (TSE:D.UN – Get Rating) TD Securities raised its price target to $33.00 from $29.00 in a research report released to clients and investors on Tuesday, reports BayStreet.CA. The company currently has a “buy” rating on shares in Real Estate Investment Trust. TD Securities’ price target would indicate a potential upside of 12.86% from the stock’s current price.

D.UN has been the subject of a number of other reports. CIBC raised its target price on Dream Office Real Estate Investment Trst to CAD31.50 from CAD27.25 and gave the stock a “Outperform” rating in a report on Monday, March 14. Desjardins upgraded the shares of Dream Office Real Estate Investment Trst to a “buy” rating in a research report on Tuesday, December 14th. BMO Capital Markets raised its target price on shares of Dream Office Real Estate Investment Trst to CAD27.50 from CAD25.50 in a research report on Tuesday, February. The Royal Bank of Canada raised its target price on shares of Dream Office Real Estate Investment Trst from CAD26.00 to CAD27.00 and gave the stock a “Sector Perform” rating in a research report on Friday, February. Finally, National Bankshares lowered shares of Dream Office Real Estate Investment Trst to a “hold” rating and set a price target of CAD$27.00 for the stock. in a research paper on Monday, January 17. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “buy” and a consensus price target of $27.44 based on data from MarketBeat.com.

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Shares of Dream Office Real Estate Investment Trst rose C$0.24 during trading hours on Tuesday to hit C$29.24. 89,272 shares of the Company were exchanged compared to an average volume of 158,838. The company has a quick ratio of 0.13, a current ratio of 0.17 and a debt to equity ratio of 83.15. The company’s 50-day simple moving average is $26.02 and the 200-day simple moving average is $24.37. Dream Office Real Estate Investment Trst has a 12-month low of $20.81 and a 12-month high of $30.53. The company has a market cap of CA$1.41 billion and a P/E of 9.15.

In other news from Dream Office Real Estate Investment Trst, Director Michael Cooper acquired 30,000 shares of Dream Office Real Estate Investment Trst in a transaction that took place on Monday, March 14th. The shares were acquired at an average price of $28.67 per share for a total transaction of $860,073.00. Following the purchase, the Director now owns 12,760,002 shares of the Company, valued at $365,817,773.34.

About Dream Office Real Estate Investment Trst (get rating)

Dream Office REIT is an unincorporated, open-ended real estate fund. Dream Office REIT owns well-located, quality central business district office properties in major urban centers throughout 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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