Dream Office Real Estate Investment Trst (TSE:D.UN) Shares Cross Above 200 Day Moving Average of $18.20

Dream Office Real Estate Investment Trst (TSE:D.UN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$18.20 and traded as high as C$22.94. Dream Office Real Estate Investment Trst shares last traded at C$22.82, with a volume of 29,376 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on D.UN shares. Canaccord Genuity Group boosted their price objective on Dream Office Real Estate Investment Trst from C$16.75 to C$17.25 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. TD Securities raised their price objective 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 research note on Wednesday, September 4th. Scotiabank upped their target price on shares of 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 note on Wednesday, August 14th. Finally, Cormark decreased their price target on shares of Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a research report on Monday, August 19th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$18.00.

Dream Office Real Estate Investment Trst Price Performance

The company’s 50 day simple moving average is C$18.80 and its two-hundred day simple moving average is C$18.20. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16. The stock has a market capitalization of C$372.88 million, a P/E ratio of -7.84 and a beta of 1.18.

Insider Buying and Selling

In other news, Director Jane Gavan sold 1,500 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of C$18.13, for a total transaction of C$27,201.00. 47.30% of the stock is owned by corporate insiders.

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.