Dream Office Real Estate Investment Trst (TSE:D.UN) Share Price Passes Above 200 Day Moving Average of $18.59

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$18.59 and traded as high as C$22.80. Dream Office Real Estate Investment Trst shares last traded at C$22.70, with a volume of 24,564 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on D.UN shares. 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 stock a “sector perform” rating in a research note 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 stock a “hold” rating in a research note on Wednesday, September 4th. 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 note on Monday, August 19th. Finally, 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 stock a “hold” rating in a research note on Monday, September 23rd. Six investment 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, Dream Office Real Estate Investment Trst has a consensus rating of “Hold” and an average target price of C$18.28.

Dream Office Real Estate Investment Trst Trading Up 2.8 %

The stock has a market capitalization of C$370.92 million, a price-to-earnings ratio of -7.80 and a beta of 1.18. The company’s 50 day moving average is C$19.46 and its 200 day moving average is C$18.59. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08.

Insider Activity at Dream Office Real Estate Investment Trst

In related news, Director Jane Gavan sold 1,500 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of C$18.13, for a total transaction of C$27,201.00. Corporate insiders own 47.27% 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.