Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Crosses Above 200-Day Moving Average of $25.70

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Dream Office Real Estate Investment Trst (TSE:D.UN)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $25.70 and traded as high as $29.37. Dream Office Real Estate Investment Trst shares last traded at $28.98, with a volume of 35,832 shares changing hands.

D.UN has been the subject of several analyst reports. Royal Bank of Canada upped their target price on Dream Office Real Estate Investment Trst from C$26.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Thursday, August 15th. BMO Capital Markets upgraded Dream Office Real Estate Investment Trst from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$26.00 to C$28.00 in a research note on Wednesday, July 31st. Canaccord Genuity upped their target price on Dream Office Real Estate Investment Trst from C$26.00 to C$29.00 in a research note on Wednesday, September 4th. National Bank Financial upped their target price on Dream Office Real Estate Investment Trst from C$27.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 16th. Finally, TD Securities upped their target price on Dream Office Real Estate Investment Trst from C$26.00 to C$27.00 and gave the company a “hold” rating in a research note on Monday, August 12th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Dream Office Real Estate Investment Trst presently has an average rating of “Hold” and a consensus target price of C$27.83.

The company has a market capitalization of $1.70 billion and a price-to-earnings ratio of 10.84. The company has a quick ratio of 0.08, a current ratio of 0.91 and a debt-to-equity ratio of 85.45. The company has a 50 day simple moving average of C$29.56 and a 200 day simple moving average of C$25.72.

About Dream Office Real Estate Investment Trst (TSE:D.UN)

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.

See Also: How are institutional investors different from individual investors?

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