Dream Office Real Estate Investment Trst (TSE:D.UN) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Dream Office Real Estate Investment Trst (TSE:D.UN) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$16.59 and traded as high as C$16.94. Dream Office Real Estate Investment Trst shares last traded at C$16.77, with a volume of 12,319 shares changing hands.

Analysts Set New Price Targets

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

Dream Office Real Estate Investment Trst Stock Performance

The firm’s fifty day moving average price is C$16.56 and its 200-day moving average price is C$16.59. 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$274.02 million, a price-to-earnings ratio of -5.76 and a beta of 1.21.

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.