Skip to Content

The price target for Dream Office Real Estate Investment Trst (TSE:D.UN) has been raised to C$18.25.

The price target for Dream Office Real Estate Investment Trst (TSE:D.UN) has been raised to C$18.25.

In a report on Tuesday, BayStreet.CA cites that National Bankshares increased its price target for Dream Office Real Estate Investment Trust (TSE: D.UN) from C$17.25 to C$18.25. The price objective for National Bankshares indicates the potential for a gain that is 13,000% higher than the stock’s current price when compared to the price of stock right now.

In addition, a variety of research specialists from various fields have weighed in with their thoughts about the company. BMO Capital Markets announced in a research report published on Tuesday, November 8, that the price objective that they have set for Dream Office Real Estate Investment Trust has been reduced from C$23.00 to C$20.00. The previous price objective was set at C$23.00. In a research note released on November 9, the Royal Bank of Canada stated that it had lowered its price objective for the Dream Office Real Estate Investment Trust. The old price objective of C$21.00 has been replaced with a new price objective of C$19.50, representing a decrease from the previous price objective. In addition, the company was rated “sector perform.” The price target that Scotiabank has set for the Dream Office Real Estate Investment Trust has been reduced from C$24.00 to C$20.00, as announced in a research note published on November 8. On Thursday, October 20, TD Securities released a research report on Dream Office Real Estate Investment Trust with a “buy” rating and a price target reduction from C$25.00 to C$21.00. The price target reduction was included in the report. This research was published under “Buy Rating and Price Target Reduction.” CIBC gave the company an “outperform” rating in a research report published on Monday, November 7. However, the bank lowered its price target on Dream Office Real Estate Investment Trust from C$24.00 to C$20.00 during the same period. In addition, the report recommended that the company “outperform” its competitors. The stock has been assigned a buy rating by two analysts, while three other analysts have a hold rating. The company’s stock is currently rated as having an average recommendation of “Hold,” and the consensus price target for the stock is set at 20.72 Canadian dollars. Bloomberg provided the data.

During trading on Tuesday at midday, prices for TSE D.UN shares increased by C$0.89, bringing them to a new all-time high of C$16.15. The usual trading volume in the company’s stock is 87,242 shares, so the volume of 95,908 shares that took place today was significantly higher than that. The company has a market value of 744.66 million Canadian dollars and a price-to-earnings ratio of 4.99. The price-to-earnings ratio for the company is calculated as follows: A new record was set for the debt-to-equity ratio, which now sits at 82.98, while the quick ratio is at 0.16, and the current ratio is at 0.19. The company’s simple moving average over the past fifty days is $15.24, and the company’s simple moving average over the past two hundred days is C$17.10. During one year, the price of Dream Office Real Estate Investment Trust dropped to an all-time low of $14.48 and rose to an all-time high of $30.53.

On December 5, director Alistair Murray Sinclair sold 400,000 shares of the company’s stock. This transaction took place on the same day. This information was included in a separate piece of news. The cost of purchasing all of the shares came to a total of 612,000.00 Canadian dollars, which works out to an average price of 1.53 Canadian dollars per share. The director currently holds a total of 1,259,498 shares of the company, which, based on the price at which they are trading on the market, are valued at a sum equal to or greater than 1,927,031.94 Canadian dollars.

The unincorporated real estate investment trust known as Dream Office REIT has open-ended distributions and bears the name of the investment vehicle. Although the central business districts of other major Canadian cities are not Dream Office REIT’s primary focus, the company does hold first-rate assets in these areas. Dream Office REIT’s primary concentration is in the downtown area of Toronto.

Tags

Leave a comment

Your email address will not be published. Required fields are marked *