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ream Office REIT (TSE:D.UN) has received a consensus rating of "Hold" from seven brokerages, according to Marketbeat.com. Six analysts have recommended holding the stock, while one has issued a buy recommendation. The average 12-month price target among these analysts is C$18.75.
In recent analyst reports, Canaccord Genuity Group raised its target price on Dream Office REIT from C$17.25 to C$19.50 and maintained a "hold" rating. National Bankshares increased its price objective from C$18.75 to C$22.50. TD Securities raised its target price from C$18.00 to C$20.00, also with a "hold" rating.
On the other hand, Cormark lowered its price target from C$25.00 to C$22.50, while Scotiabank increased its price objective from C$19.00 to C$19.50 and assigned a "sector perform" rating.
Dream Office REIT traded up C$0.34 on Monday, reaching C$19.36 with a trading volume of 4,583 shares. The stock has a market capitalization of C$316.34 million, a P/E ratio of -6.54, and a beta of 1.21.
In related news, Director Jane Gavan sold 14,700 shares at an average price of C$22.24 on October 1st, while Director Kellie Leitch sold 1,784 shares at an average price of C$22.68 on October 17th. Corporate insiders own 47.23% of the stock.
Dream Office REIT is a real estate investment trust that owns high-quality office properties in major Canadian cities, with a focus on downtown Toronto.
