Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Dream Office Real Estate Investment Trst (TSE:D.UN) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.43 and traded as high as C$17.80. Dream Office Real Estate Investment Trst shares last traded at C$17.65, with a volume of 13,440 shares.

Analyst Ratings Changes

Several brokerages have recently commented on D.UN. Desjardins lifted their target price on Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the stock a “hold” rating in a research report on Monday, February 23rd. Scotiabank lifted their target price on Dream Office Real Estate Investment Trst from C$18.25 to C$19.50 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. TD raised their price target on Dream Office Real Estate Investment Trst from C$18.00 to C$18.50 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Finally, National Bank Financial cut their price target on Dream Office Real Estate Investment Trst from C$19.50 to C$19.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$19.67.

Dream Office Real Estate Investment Trst Trading Down 2.4%

The firm has a market cap of C$283.49 million, a P/E ratio of -2.87 and a beta of 1.04. 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 firm has a fifty day moving average of C$16.76 and a 200-day moving average of C$17.43.

Dream Office Real Estate Investment Trst (TSE:D.UN) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported C$0.51 earnings per share for the quarter. The firm had revenue of C$46.31 million for the quarter. Dream Office Real Estate Investment Trst had a negative return on equity of 3.21% and a negative net margin of 19.55%. Equities research analysts forecast that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share for the current year.

About Dream Office Real Estate Investment Trst

Dream Office Real Estate Investment Trust is a real estate investment trust that acquires, manages, and leases primarily central business district and suburban office properties in urban areas throughout Canada. The majority of the company’s real estate portfolio, in terms of revenue generation, is located in the Canadian province of Ontario. The province of Alberta also brings in a sizable percentage of revenue. The company generates nearly all of its revenue in the form of rental income from mid- to long-term lease agreements with tenants.