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

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.91 and traded as high as C$19.81. Dream Office Real Estate Investment Trst shares last traded at C$19.30, with a volume of 19,086 shares.

Analyst Ratings Changes

A number of analysts have recently commented on D.UN shares. Cormark boosted their price target on Dream Office Real Estate Investment Trst from C$20.00 to C$23.50 in a report on Friday, September 12th. National Bankshares boosted their target price on Dream Office Real Estate Investment Trst from C$17.00 to C$21.50 and gave the company a “sector perform” rating in a research note on Wednesday, October 8th. Finally, Scotiabank raised their price target on shares of Dream Office Real Estate Investment Trst from C$17.50 to C$18.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$19.80.

Dream Office Real Estate Investment Trst Price Performance

The stock has a market cap of C$315.84 million, a price-to-earnings ratio of -2.19 and a beta of 1.11. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08. The company has a 50-day simple moving average of C$18.57 and a two-hundred day simple moving average of C$16.91.

Dream Office Real Estate Investment Trst Company Profile

Dream Office Real Estate Investment Trust is a real estate investment trust that acquires, manages, and leases primarily central business district and suburban office properties in urban areas throughout Canada. The majority of the company’s real estate portfolio, in terms of revenue generation, is located in the Canadian province of Ontario.