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

Dream Office Real Estate Investment Trst (TSE:D.UN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$19.47 and traded as high as C$21.19. Dream Office Real Estate Investment Trst shares last traded at C$21.10, with a volume of 8,540 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on D.UN. Cormark reduced 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. Canaccord Genuity Group boosted their price target on Dream Office Real Estate Investment Trst from C$17.25 to C$19.50 and gave the stock a “hold” rating in a research report on Monday, September 23rd. 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 company a “hold” rating in a research note on Wednesday, September 4th. National Bankshares upped their target price on shares of Dream Office Real Estate Investment Trst from C$18.75 to C$22.50 in a research note on Wednesday, October 9th. Finally, Scotiabank raised 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. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Dream Office Real Estate Investment Trst has an average rating of “Hold” and an average target price of C$18.75.

Dream Office Real Estate Investment Trst Price Performance

The firm has a 50 day moving average price of C$21.44 and a 200 day moving average price of C$19.48. The stock has a market cap of C$334.97 million, a P/E ratio of -7.04 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.

Insiders Place Their Bets

In related news, Director Kellie Leitch sold 1,784 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of C$22.68, for a total transaction of C$40,455.23. In other Dream Office Real Estate Investment Trst news, Director Kellie Leitch sold 1,784 shares of Dream Office Real Estate Investment Trst stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of C$22.68, for a total value of C$40,455.23. Also, Director Jane Gavan sold 14,700 shares of the business’s stock in a transaction on 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.