Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Dream Office Real Estate Investment Trst (TSE:D.UN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$19.54 and traded as high as C$19.91. Dream Office Real Estate Investment Trst shares last traded at C$19.71, with a volume of 11,557 shares traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on D.UN shares. Scotiabank raised their price objective on Dream Office Real Estate Investment Trst from C$19.00 to C$19.50 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Cormark reduced their price target on Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a report on Monday, August 19th. Canaccord Genuity Group upped their price target on shares of Dream Office Real Estate Investment Trst from C$17.25 to C$19.50 and gave the stock a “hold” rating in a research note on Monday, September 23rd. National Bankshares increased their price objective on shares of Dream Office Real Estate Investment Trst from C$18.75 to C$22.50 in a research report on Wednesday, October 9th. Finally, TD Securities lifted their target price on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$18.75.

Dream Office Real Estate Investment Trst Price Performance

The firm has a fifty day moving average of C$21.49 and a 200 day moving average of C$19.55. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31. The company has a market capitalization of C$322.06 million, a P/E ratio of -6.77 and a beta of 1.21.

Insider Activity

In related news, Director Jane Gavan sold 14,700 shares of Dream Office Real Estate Investment Trst stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$22.24, for a total value of C$326,975.04. Also, Director Kellie Leitch sold 1,784 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of C$22.68, for a total value of C$40,455.23. Insiders own 47.23% of the company’s stock.

Dream Office Real Estate Investment Trst Company Profile

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.