Detlef Bierbaum Sells 600 Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) Stock

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Dream Office Real Estate Investment Trst (TSE:D.UN) Director Detlef Bierbaum sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of C$22.71, for a total transaction of C$13,626.00. Following the completion of the sale, the director now owns 59,988 shares of the company’s stock, valued at approximately C$1,362,327.48.

D.UN traded down C$0.14 during trading hours on Friday, hitting C$23.82. 58,269 shares of the company’s stock were exchanged, compared to its average volume of 162,381. Dream Office Real Estate Investment Trst has a 1-year low of C$18.12 and a 1-year high of C$23.04. The stock has a market capitalization of $1.42 billion and a price-to-earnings ratio of 7.15. The company has a current ratio of 0.61, a quick ratio of 0.13 and a debt-to-equity ratio of 96.11.

Separately, CIBC reissued a “neutral” rating and set a C$25.00 target price on shares of Dream Office Real Estate Investment Trst in a research note on Thursday, December 6th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$25.22.

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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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