Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Dream Office Real Estate Investment Trust's stock price recently crossed above its 200-day moving average of C$16.57, reaching a high of C$20.09 during trading.
• Analysts have upped their price targets for the stock, with Scotiabank estimating a target of C$18.00 and Cormark raising their estimate to C$23.50, while the consensus price target stands at C$19.00.
• The company has a market capitalization of C$327.95 million and a debt-to-equity ratio of 115.31, indicating a relatively high level of debt compared to its equity.

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.57 and traded as high as C$20.09. Dream Office Real Estate Investment Trst shares last traded at C$20.04, with a volume of 30,380 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on D.UN. Scotiabank upped their price objective 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. Cormark upped their price objective on Dream Office Real Estate Investment Trst from C$20.00 to C$23.50 in a research report on Friday. Finally, National Bankshares upped their price objective on 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. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of C$19.00.

Dream Office Real Estate Investment Trst Stock Up 0.2%

The firm's fifty day moving average price is C$17.06 and its 200-day moving average price is C$16.57. The company has a market capitalization of C$327.95 million, a price-to-earnings ratio of -2.28 and a beta of 1.05. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16.

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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