Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Crosses 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.

Wall Street Analysts Forecast Growth

D.UN has been the topic of several analyst reports. National Bankshares lifted their target price 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. Scotiabank boosted their price objective 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. TD Securities boosted their price objective on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Canaccord Genuity Group boosted their price objective 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. Finally, Cormark lowered their price objective 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 research 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 stock 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 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 capitalization of C$322.06 million, a P/E ratio of -6.77 and a beta of 1.21. The company’s 50-day simple moving average is C$21.49 and its 200 day simple moving average is C$19.54.

Insiders Place Their Bets

In other news, Director Jane Gavan sold 14,700 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were 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 business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of C$22.68, for a total transaction 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.