Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Dream Office Real Estate Investment Trst (TSE:D.UN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$19.47 and traded as high as C$21.19. Dream Office Real Estate Investment Trst shares last traded at C$21.10, with a volume of 8,540 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on D.UN shares. National Bankshares raised their price target on shares of Dream Office Real Estate Investment Trst from C$18.75 to C$22.50 in a research note on Wednesday, October 9th. TD Securities lifted their price target on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$20.00 and gave the company a “hold” rating in a research note on Wednesday, September 4th. Cormark dropped their price objective on Dream Office Real Estate Investment Trst from C$25.00 to C$22.50 in a research note on Monday, August 19th. Canaccord Genuity Group lifted their target price 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. Finally, Scotiabank upped their target price on Dream Office Real Estate Investment Trst from C$19.00 to C$19.50 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dream Office Real Estate Investment Trst presently has a consensus rating of “Hold” and a consensus price target of C$18.75.

Dream Office Real Estate Investment Trst Price Performance

The firm has a market capitalization of C$334.97 million, a PE ratio of -7.04 and a beta of 1.21. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08. The stock has a fifty day moving average price of C$21.44 and a 200-day moving average price of C$19.48.

Insider Activity

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