Dream Office Real Estate Investment Trst (TSE:D.UN) Share 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.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

D.UN has been the topic of several analyst reports. 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 upped 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 report on Tuesday, August 12th. Finally, National Bankshares upped 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 report on Tuesday, August 12th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$18.42.

Dream Office Real Estate Investment Trst Trading Down 1.2%

The company's fifty day moving average price is C$16.53 and its two-hundred day moving average price is C$16.58. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31. The firm has a market cap of C$277.78 million, a P/E ratio of -5.84 and a beta of 1.21.

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.