Dream Office Real Estate Investment Trst (TSE:D.UN) Share Price Passes Below 200 Day Moving Average - Here's Why

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.94 and traded as low as C$16.20. Dream Office Real Estate Investment Trst shares last traded at C$16.27, with a volume of 7,289 shares trading hands.

Wall Street Analyst Weigh In

D.UN has been the topic of a number of research reports. Scotiabank dropped their target price on shares of Dream Office Real Estate Investment Trst from C$20.50 to C$17.50 and set a "sector perform" rating on the stock in a report on Thursday, May 22nd. Canaccord Genuity Group reduced their target price on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$16.50 in a report on Monday, May 12th.

Dream Office Real Estate Investment Trst Stock Up 0.2%

The company has a market capitalization of C$265.85 million, a price-to-earnings ratio of -5.59 and a beta of 1.21. The business has a fifty day simple moving average of C$15.65 and a two-hundred day simple moving average of C$16.94. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31.

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.

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