Dream Office Real Estate Investment Trst (TSE:D.UN) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Dream Office Real Estate Investment Trust's share price has recently crossed above its 200-day moving average, reaching a high of C$19.87 during trading.
• Analysts have upgraded their target prices for the stock, with Cormark setting a high target of C$23.50, while the consensus rating remains at "Hold" with a target price of C$18.90.
• The company has a market cap of C$315.19 million and operates primarily in the Canadian province of Ontario, focusing on urban office properties.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$16.62 and traded as high as C$19.87. Dream Office Real Estate Investment Trst shares last traded at C$19.26, with a volume of 17,290 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. National Bankshares boosted their target price 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 research report on Tuesday, August 12th. Scotiabank boosted their target price on shares of Dream Office Real Estate Investment Trst from C$17.50 to C$18.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 12th. Finally, Cormark boosted their target price on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$23.50 in a research report on Friday, September 12th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dream Office Real Estate Investment Trst currently has a consensus rating of "Hold" and a consensus target price of C$18.90.

Dream Office Real Estate Investment Trst Stock Performance

The firm has a market cap of C$315.19 million, a P/E ratio of -2.19 and a beta of 1.05. The stock's 50 day moving average is C$17.45 and its two-hundred day moving average is C$16.62. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16.

About Dream Office Real Estate Investment Trst

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.

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