Dream Office Real Estate Investment Trst (TSE:D.UN) Shares Cross Above 200-Day Moving Average of $24.29

Dream Office Real Estate Investment Trst (TSE:D.UN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.29 and traded as high as $27.50. Dream Office Real Estate Investment Trst shares last traded at $27.46, with a volume of 68,006 shares trading hands.

D.UN has been the topic of a number of research reports. National Bank Financial increased their price objective on shares of Dream Office Real Estate Investment Trst from C$25.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Royal Bank of Canada increased their price objective on shares of 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. TD Securities increased their price objective on shares of 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. BMO Capital Markets raised shares of Dream Office Real Estate Investment Trst from a “market perform” rating to an “outperform” rating and increased their price objective for the company from C$26.00 to C$28.00 in a research note on Wednesday, July 31st. Finally, Canaccord Genuity increased their price objective on shares of Dream Office Real Estate Investment Trst from C$26.00 to C$29.00 in a research note on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$27.33.

The company’s fifty day moving average is C$25.27 and its 200 day moving average is C$24.31. 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 stock has a market cap of $1.59 billion and a PE ratio of 10.18.

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.

Read More: Do closed-end mutual funds pay dividends?

Receive News & Ratings for Dream Office Real Estate Investment Trst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dream Office Real Estate Investment Trst and related companies with MarketBeat.com's FREE daily email newsletter.