Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Raised to C$30.50

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price raised by CIBC from C$27.00 to C$30.50 in a report released on Monday morning, BayStreet.CA reports.

A number of other brokerages have also recently weighed in on D.UN. Royal Bank of Canada lifted their price objective on shares of Dream Office Real Estate Investment Trst from C$26.00 to C$27.00 and gave the company a sector perform rating in a report on Thursday, August 15th. Canaccord Genuity boosted their price target on shares of Dream Office Real Estate Investment Trst from C$26.00 to C$29.00 in a report on Wednesday, September 4th. BMO Capital Markets upgraded shares of Dream Office Real Estate Investment Trst from a market perform rating to an outperform rating and boosted their price target for the stock from C$26.00 to C$28.00 in a report on Wednesday, July 31st. National Bank Financial boosted their price target on shares of Dream Office Real Estate Investment Trst from C$27.00 to C$30.00 and gave the stock a sector perform rating in a report on Wednesday, October 16th. Finally, TD Securities boosted their price target on shares of Dream Office Real Estate Investment Trst from C$26.00 to C$27.00 and gave the stock a hold rating in a report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of C$28.92.

Shares of D.UN stock traded up C$0.33 during trading on Monday, reaching C$29.50. The company’s stock had a trading volume of 122,075 shares, compared to its average volume of 162,381. The company has a debt-to-equity ratio of 85.45, a current ratio of 0.91 and a quick ratio of 0.08. The company has a market capitalization of $1.72 billion and a price-to-earnings ratio of 11.02. The stock’s 50-day moving average price is C$29.53 and its 200 day moving average price is C$25.84. Dream Office Real Estate Investment Trst has a 1-year low of C$21.56 and a 1-year high of C$30.37.

About Dream Office Real Estate Investment Trst

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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Analyst Recommendations for Dream Office Real Estate Investment Trst (TSE:D.UN)

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