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

Key Points

• Dream Office Real Estate Investment Trust (TSE:D.UN) shares have surpassed their 200-day moving average, indicating potential upward momentum in the stock price.
• Analysts have recently updated their price targets for D.UN, with National Bankshares raising their objective to C$17.00 and Scotiabank to C$18.00, whereas Canaccord Genuity Group lowered theirs to C$16.50.
• The stock has an average target price of C$18.42 and is rated as a “Hold” by five equity research analysts, reflecting cautious investor sentiment.

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.59 and traded as high as C$16.94. Dream Office Real Estate Investment Trst shares last traded at C$16.77, with a volume of 12,319 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on D.UN. Canaccord Genuity Group lowered their price objective on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$16.50 in a research note on Monday, May 12th. Scotiabank lifted their target price on shares of Dream Office Real Estate Investment Trst from C$17.50 to C$18.00 and gave the company a "sector perform" rating in a report on Tuesday, August 12th. Finally, National Bankshares boosted their price objective on shares of Dream Office Real Estate Investment Trst from C$16.50 to C$17.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 12th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of C$18.42.

Dream Office Real Estate Investment Trst Price Performance

The company's 50-day moving average price is C$16.59 and its two-hundred day moving average price is C$16.54. The company has a market cap of C$278.53 million, a P/E ratio of -1.94 and a beta of 1.09. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31.

Dream Office Real Estate Investment Trst Company Profile

Dream Office Real Estate Investment Trust is a real estate investment trust that acquires, manages, and leases primarily central business district and suburban office properties in urban areas throughout Canada. The majority of the company's real estate portfolio, in terms of revenue generation, is located in the Canadian province of Ontario.