Dream Office Real Estate Investment Trst (TSE:D.UN) Shares Pass Above 200-Day Moving Average – Should You Sell?

Dream Office Real Estate Investment Trst (TSE:D.UN)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$19.32 and traded as high as C$22.65. Dream Office Real Estate Investment Trst shares last traded at C$22.13, with a volume of 67,201 shares.

Analyst Ratings Changes

D.UN has been the subject of several research analyst reports. National Bankshares lifted their target price on shares of Dream Office Real Estate Investment Trst from C$18.75 to C$22.50 in a research report on Wednesday, October 9th. TD Securities upped their target price on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Scotiabank raised their price target on Dream Office Real Estate Investment Trst from C$19.00 to C$19.50 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Cormark cut their price objective on Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a report on Monday, August 19th. Finally, Canaccord Genuity Group increased their price objective on Dream Office Real Estate Investment Trst from C$17.25 to C$19.50 and gave the company a “hold” rating in a research report on Monday, September 23rd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$18.75.

Dream Office Real Estate Investment Trst Stock Performance

The business has a fifty day moving average of C$20.77 and a 200-day moving average of C$19.34. The company has a market cap of C$361.60 million, a PE ratio of -7.60 and a beta of 1.21. The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31.

Insider Activity

In other Dream Office Real Estate Investment Trst news, Director Jane Gavan sold 14,700 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$22.24, for a total transaction of C$326,975.04. In related news, Director Kellie Leitch sold 1,784 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of C$22.68, for a total value of C$40,455.23. Also, Director Jane Gavan sold 14,700 shares of Dream Office Real Estate Investment Trst stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of C$22.24, for a total transaction of C$326,975.04. Insiders own 47.23% of the company’s stock.

Dream Office Real Estate Investment Trst Company Profile

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT owns well-located, high-quality central business district office properties in major urban centres across Canada, with a focus on downtown Toronto.