Dream Office Real Estate Investment Trst (TSE:D.UN) Shares Pass Above Two Hundred Day Moving Average of $18.20

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$18.20 and traded as high as C$22.94. Dream Office Real Estate Investment Trst shares last traded at C$22.82, with a volume of 29,376 shares trading hands.

Analyst Ratings Changes

D.UN has been the topic of several analyst reports. 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 stock a “sector perform” rating in a research report on Wednesday, August 14th. TD Securities increased their price target on 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. Cormark lowered their price target on Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a research report on Monday, August 19th. Finally, Canaccord Genuity Group increased their price objective on Dream Office Real Estate Investment Trst from C$16.75 to C$17.25 and gave the company a “hold” rating in a report on Tuesday, August 13th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Dream Office Real Estate Investment Trst currently has an average rating of “Hold” and an average price target of C$18.00.

Dream Office Real Estate Investment Trst Stock Up 1.0 %

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 firm has a 50 day simple moving average of C$18.80 and a 200-day simple moving average of C$18.20. The stock has a market cap of C$372.88 million, a P/E ratio of -7.84 and a beta of 1.18.

Insider Activity at Dream Office Real Estate Investment Trst

In other news, Director Jane Gavan sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of C$18.13, for a total transaction of C$27,201.00. 47.30% of the stock is owned by company insiders.

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.