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

Key Points

• Dream Office Real Estate Investment Trust (TSE:D.UN) surpassed its 200-day moving average, trading at C$16.72 after hitting a high of C$17.27.
• Analysts have varying outlooks, with National Bankshares raising its target price to C$17.00, while Canaccord Genuity lowered it to C$16.50; overall, the average rating remains a "Hold" with a target of C$18.42.
• The company's current financial metrics reveal a high debt-to-equity ratio of 115.31, along with a low current ratio of 0.08, indicating potential liquidity concerns.

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.63 and traded as high as C$17.27. Dream Office Real Estate Investment Trst shares last traded at C$16.72, with a volume of 17,088 shares trading hands.

Analysts Set New Price Targets

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

Dream Office Real Estate Investment Trst Trading Down 1.9%

The company has a fifty day simple moving average of C$16.51 and a two-hundred day simple moving average of C$16.59. The stock has a market capitalization of C$275.82 million, a P/E ratio of -5.80 and a beta of 1.21. 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 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.