Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Dream Office Real Estate Investment Trst (TSE:D.UN)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.53 and traded as low as C$17.45. Dream Office Real Estate Investment Trst shares last traded at C$17.46, with a volume of 26,158 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on D.UN shares. Canaccord Genuity Group lifted their price objective on Dream Office Real Estate Investment Trst from C$17.25 to C$19.50 and gave the company a “hold” rating in a report on Monday, September 23rd. 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 report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$18.75.

Dream Office Real Estate Investment Trst Trading Down 2.1 %

The firm has a market capitalization of C$285.30 million, a PE ratio of -6.00 and a beta of 1.21. 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’s 50-day simple moving average is C$19.20 and its 200 day simple moving average is C$19.53.

Insider Activity at Dream Office Real Estate Investment Trst

In other news, Director Kellie Leitch sold 1,784 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of C$22.68, for a total transaction of C$40,455.23. 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.