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

Key Points

• The shares of Dream Office Real Estate Investment Trst (TSE:D.UN) recently surpassed their 200-day moving average, trading at C$16.60 after reaching a high of C$17.16.
• Analyst reports show price objectives for D.UN have been revised downward, with Canaccord Genuity lowering it from C$20.00 to C$16.50 and Scotiabank from C$20.50 to C$17.50.
• As of the latest trading data, Dream Office REIT has a market cap of C$276.15 million and a P/E ratio of -5.81, indicating significant financial shifts and potential concerns.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.80 and traded as high as C$17.16. Dream Office Real Estate Investment Trst shares last traded at C$16.60, with a volume of 12,704 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on D.UN shares. Canaccord Genuity Group lowered their price target on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$16.50 in a report on Monday, May 12th. Scotiabank decreased their price objective on shares of Dream Office Real Estate Investment Trst from C$20.50 to C$17.50 and set a "sector perform" rating for the company in a research report on Thursday, May 22nd.

Dream Office Real Estate Investment Trst Price Performance

The stock has a fifty day moving average of C$16.08 and a 200-day moving average of C$16.78. 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 stock has a market capitalization of C$278.92 million, a price-to-earnings ratio of -5.87 and a beta of 1.21.

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.