Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Crosses Above 200 Day Moving Average – What’s Next?

Dream Office Real Estate Investment Trst (TSE:D.UN)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$19.32 and traded as high as C$22.65. Dream Office Real Estate Investment Trst shares last traded at C$22.13, with a volume of 67,201 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Securities upped 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. Canaccord Genuity Group boosted their price target on shares of Dream Office Real Estate Investment Trst from C$17.25 to C$19.50 and gave the company a “hold” rating in a research report on Monday, September 23rd. Scotiabank boosted their price target 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 report on Wednesday, August 14th. Cormark lowered 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. Finally, National Bankshares boosted their price target 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. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$18.75.

Dream Office Real Estate Investment Trst Price Performance

The stock’s 50-day simple moving average is C$20.77 and its 200 day simple moving average is C$19.32. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31. The company has a market cap of C$361.60 million, a price-to-earnings ratio of -7.60 and a beta of 1.21.

Insider Buying and Selling at Dream Office Real Estate Investment Trst

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

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.