BMO Capital Markets upgraded shares of Dream Office Real Estate Investment Trst (TSE:D.UN) from a market perform rating to an outperform rating in a research note issued to investors on Wednesday, July 31st, BayStreet.CA reports. They currently have C$28.00 price target on the real estate investment trust’s stock, up from their prior price target of C$26.00.
TSE:D.UN traded down C$0.12 during midday trading on Wednesday, hitting C$26.76. The company had a trading volume of 173,911 shares, compared to its average volume of 162,381. Dream Office Real Estate Investment Trst has a 52-week low of C$21.56 and a 52-week high of C$27.18. The stock’s fifty day moving average price is C$24.78 and its 200-day moving average price is C$24.16. The company has a market capitalization of $1.59 billion and a PE ratio of 9.99. The company has a quick ratio of 0.08, a current ratio of 0.91 and a debt-to-equity ratio of 85.45.
In other Dream Office Real Estate Investment Trst news, Director Michael Cooper purchased 29,700 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was acquired at an average cost of C$23.40 per share, for a total transaction of C$694,843.38. Following the completion of the transaction, the director now directly owns 9,664,638 shares in the company, valued at approximately C$226,108,071.87. Over the last 90 days, insiders have acquired 187,400 shares of company stock valued at $4,389,670.
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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