Dream Office Real Estate Investment Trst (TSE:D.UN – Get a rating) saw its target price reduced by the Royal Bank of Canada from C$27.00 to C$26.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has an “industry performance” rating on shares of the real estate investment trust. Royal Bank of Canada’s price target indicates a potential upside of 15.97% from the company’s previous close.

A number of other stock analysts have also recently published reports on D.UN. TD Securities cut its price target on Dream Office Real Estate Investment Trst from C$33.00 to C$32.00 and set a “buy” rating for the company in a research note on Monday. Canaccord Genuity Group downgraded Dream Office Real Estate Investment Trst to a “hold” rating and set a price target of C$26.50 for the stock. in a research note from Wednesday, April 6. Scotiabank lowered its price target on Dream Office Real Estate Investment Trst from C$26.50 to C$26.25 in a research note on Monday. National Bankshares downgraded Dream Office Real Estate Investment Trst to a “hold” rating and set a price target of C$27.00 for the stock. in a Monday, January 17, research note. Finally, CIBC lowered its target price on shares of Dream Office Real Estate Investment Trst from C$31.50 to C$28.50 and set an “outperform” rating on the stock in a report released Monday. Three equity research analysts rated the stock with a hold rating and three gave the company a buy rating. According to MarketBeat.com, Dream Office Real Estate Investment Trst currently has a consensus rating of “Buy” and a consensus target price of C$27.22.

Stock D.UN traded at C$1.33 during midday trading on Monday, rising to C$22.42. 102,545 shares of the company were traded, against an average volume of 138,883. The stock has a market capitalization of C$1.06 billion and a price/earnings ratio of 6.98. The company has a quick ratio of 0.13, a current ratio of 0.17 and a debt ratio of 83.15. Dream Office Real Estate Investment Trst has a fifty-two week low of CA$21.21 and a fifty-two week high of CA$30.53. The company’s 50-day moving average price is C$27.40 and its 200-day moving average price is C$25.25.

In other news, Director Michael Cooper bought 30,000 shares of Dream Office Real Estate Investment Trst in a deal that took place on Monday March 14. The shares were acquired at an average price of CA$28.67 per share, with a total value of CA$860,073.00. Following the completion of the purchase, the administrator now directly owns 12,760,002 shares of the company, valued at C$365,817,773.34.

About Dream Office Real Estate Investment Trst (Get a rating)

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 centers across Canada, with an emphasis on downtown Toronto.

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