Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Dream Office Real Estate Investment Trust's stock price has recently crossed above its 200-day moving average, reaching a high of C$20.20 before closing at C$19.75.
• Equities analysts have increased target prices for the stock, with National Bankshares raising it to C$21.50 and Cormark to C$23.50, while consensus maintains a "Hold" rating.
• The company operates primarily in the Canadian office market, focusing on acquiring and managing properties in urban areas, particularly in Ontario.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$16.86 and traded as high as C$20.20. Dream Office Real Estate Investment Trst shares last traded at C$19.75, with a volume of 32,321 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. National Bankshares upped their target price on Dream Office Real Estate Investment Trst from C$17.00 to C$21.50 and gave the stock a "sector perform" rating in a research report on Wednesday. Scotiabank upped their target price on 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 upped their target price on Dream Office Real Estate Investment Trst from C$20.00 to C$23.50 in a research report on Friday, September 12th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$19.80.

Dream Office Real Estate Investment Trst Stock Performance

The firm's 50 day simple moving average is C$18.23 and its 200-day simple moving average is C$16.86. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08. The company has a market capitalization of C$323.21 million, a price-to-earnings ratio of -2.25 and a beta of 1.11.

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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