Dream Office Real Estate Investment Trst (TSE:D.UN) Senior Director of Dream Asset Management Corporation Purchased 150,000 Shares

Dream Office Real Estate Investment Trst (TSE:D.UN – Get Rating) Sr. Director Dream Asset Management Corporation purchased 150,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were bought at an average price of C$17.38 per share, for a total transaction amounting to C$2,606,850.00. Following the transaction, the insider now owns 8,612,915 shares in the company, valued at approximately C$149,683,849.79.

Dream Office Real Estate Investment Trst Stock Performance

Shares of Dream Office Real Estate Investment Trst traded down C$0.29 on Thursday, hitting C$16.77. The stock had a trading volume of 110,010 shares compared to its average volume of 172,882 shares. Dream Office Real Estate Investment Trst has a twelve month low of C$16.75 and a twelve month high of C$30.53. The company has a 50-day moving average of C$19.01, and a two-hundred-day moving average of C$22.43. The company has a gearing ratio of 0.10, a current ratio of 0.14, and a debt-to-equity ratio of 82.70. The stock has a market capitalization of C$788.78 million and a price-to-earnings ratio of 3.94.

A Wall Street analyst weighs in

Several analysts have recently issued reports on the company. National Bankshares boosted their target price on Dream Office Real Estate Investment Trst from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Monday, August 8th. Cormark reduced their price objective on Dream Office Real Estate Investment Trst from C$27.00 to C$20.50 in a research report on Tuesday, August 9th. BMO Capital Markets cut their target price on Dream Office Real Estate Investment Trst from C$24.50 to C$23.00 in a research report on Wednesday, August 17th. Scotiabank reduced their target price on Dream Office Real Estate Investment Trst from C$26.25 to C$24.00 in a research report on Monday, August 8th. Finally, CIBC cut their target price on Dream Office Real Estate Investment Trst from C$27.00 to C$24.00 in a research report on Monday, August 8th. Three research analysts have rated the stock with a hold rating and three have issued a “buy” rating to the company’s stock. Dream Office Real Estate Investment Trst has a consensus rating of “Moderate Buy” and an average target price of C$23.00, according to MarketBeat.com .

About Dream Office Real Estate Investment Trst

(Get rating)

Dream Office REIT is an unincorporated open-ended real estate investment trust. Dream Office REIT owns well-located, high-quality office space in central business districts in major urban centers across Canada, with a focus on downtown Toronto.

Further reading

Quarterly Insider Buying and Selling for Dream Office Real Estate Investment Trst (TSE:D.UN)

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