Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price Passes Above 200-Day Moving Average of $11.96

Dream Office Real Estate Investment Trst (TSE:D.UN) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.96 and traded as high as C$18.93. Dream Office Real Estate Investment Trst shares last traded at C$18.63, with a volume of 41,384 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on D.UN shares. TD Securities dropped their target price on shares of Dream Office Real Estate Investment Trst from C$21.00 to C$20.00 in a report on Wednesday, April 24th. Desjardins decreased their price target on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$8.50 and set a “buy” rating on the stock in a research report on Friday, February 16th. Canaccord Genuity Group decreased their price target on shares of Dream Office Real Estate Investment Trst from C$10.00 to C$7.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Cormark raised their price target on shares of Dream Office Real Estate Investment Trst from C$13.00 to C$25.00 in a research report on Friday, March 8th. Finally, National Bankshares decreased their price target on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$18.75 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$13.75.

Dream Office Real Estate Investment Trst Stock Performance

The company has a debt-to-equity ratio of 111.93, a quick ratio of 0.16 and a current ratio of 0.18. The firm’s 50-day moving average price is C$16.49 and its two-hundred day moving average price is C$11.96. The firm has a market capitalization of C$303.86 million, a price-to-earnings ratio of -5.37 and a beta of 1.19.

Insider Activity

In other Dream Office Real Estate Investment Trst news, insider Artis Real Estate Investment Trust bought 9,400 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were acquired at an average cost of C$15.38 per share, for a total transaction of C$144,540.04. In other news, insider Artis Real Estate Investment Trust purchased 9,400 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost of C$15.38 per share, with a total value of C$144,540.04. Also, Director Andrew Molson purchased 80,400 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were purchased at an average cost of C$1.19 per share, with a total value of C$95,676.00. In the last three months, insiders have acquired 265,300 shares of company stock worth $3,808,679. Corporate insiders own 74.38% of the company’s stock.

About Dream Office Real Estate Investment Trst

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.