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

Key Points

• Dream Office Real Estate Investment Trust shares have surpassed their 200-day moving average of C$16.73, reaching a high of C$19.82 during trading.
• Analysts have recently increased their price targets for the stock, with a consensus target of C$18.90 and several ratings indicating a "Hold" status.
• The company operates primarily in urban areas throughout Canada, with a significant portfolio located in Ontario, and currently has a market cap of C$323.70 million.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.73 and traded as high as C$19.82. Dream Office Real Estate Investment Trst shares last traded at C$19.78, with a volume of 12,462 shares traded.

Analysts Set New Price Targets

Several equities analysts have commented on D.UN shares. Scotiabank increased their target price 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 report on Tuesday, August 12th. National Bankshares upped their price objective 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. Finally, Cormark lifted 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 investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$18.90.

Dream Office Real Estate Investment Trst Price Performance

The stock has a market cap of C$323.70 million, a P/E ratio of -2.25 and a beta of 1.05. The business has a 50-day simple moving average of C$17.78 and a 200 day simple moving average of C$16.73. 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.

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