Dream Office Real Estate Investment Trst (D.UN) Sets New 12-Month High at $23.68

Dream Office Real Estate Investment Trst (TSE:D.UN) reached a new 52-week high on Thursday . The stock traded as high as C$23.68 and last traded at C$23.68, with a volume of 96771 shares trading hands. The stock had previously closed at C$23.50.

D.UN has been the subject of several research reports. CIBC raised their price objective on shares of Dream Office Real Estate Investment Trst from C$25.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Monday, February 25th. TD Securities raised their price objective on shares of Dream Office Real Estate Investment Trst from C$24.50 to C$25.00 and gave the company a “hold” rating in a research report on Monday, February 25th. BMO Capital Markets restated a “market perform” rating and issued a C$24.00 price objective on shares of Dream Office Real Estate Investment Trst in a research report on Monday, February 11th. Finally, National Bank Financial raised their price objective on shares of Dream Office Real Estate Investment Trst from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a research report on Monday, February 25th. Four research 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 has a consensus rating of “Hold” and a consensus price target of C$25.80.

The company has a current ratio of 0.61, a quick ratio of 0.13 and a debt-to-equity ratio of 96.11. The stock has a market capitalization of $1.41 billion and a P/E ratio of 7.10.

In other Dream Office Real Estate Investment Trst news, Director Michael Cooper purchased 18,100 shares of the stock in a transaction dated Thursday, May 16th. The stock was bought at an average price of C$23.49 per share, for a total transaction of C$425,226.92. Following the transaction, the director now directly owns 9,485,338 shares in the company, valued at C$222,840,942.70.

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About Dream Office Real Estate Investment Trst (TSE:D.UN)

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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