Dream Office Real Estate Investment Trst (TSE:D.UN) Reaches New 52-Week High at $24.91

Dream Office Real Estate Investment Trst (TSE:D.UN) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$24.91 and last traded at C$24.83, with a volume of 57347 shares changing hands. The stock had previously closed at C$24.85.

Separately, BMO Capital Markets raised shares of Dream Office Real Estate Investment Trst from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$26.00 to C$28.00 in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Dream Office Real Estate Investment Trst currently has a consensus rating of “Hold” and a consensus price target of C$26.20.

The stock has a fifty day simple moving average of C$24.28. The company has a debt-to-equity ratio of 96.04, a current ratio of 0.14 and a quick ratio of 0.12. The stock has a market cap of $1.47 billion and a P/E ratio of 10.84.

In related news, Director Detlef Bierbaum sold 14,650 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of C$23.56, for a total transaction of C$345,190.63. Following the sale, the director now directly owns 59,988 shares in the company, valued at C$1,413,467.25. Also, Director Michael Cooper acquired 92,300 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average price of C$23.38 per share, for a total transaction of C$2,158,103.22. Following the completion of the acquisition, the director now owns 9,756,938 shares of the company’s stock, valued at C$228,130,870.15. Over the last quarter, insiders acquired 329,200 shares of company stock worth $7,721,031.

Dream Office Real Estate Investment Trst Company Profile (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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