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

Dream Office Real Estate Investment Trst (TSE:D.UN) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$17.53 and traded as high as C$18.82. Dream Office Real Estate Investment Trst shares last traded at C$18.82, with a volume of 46,632 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. TD lifted their target price on shares of 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. National Bank Financial cut their price objective on shares of Dream Office Real Estate Investment Trst from C$19.50 to C$19.00 and set a “sector perform” rating for the company in a research report on Monday, April 20th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$19.67.

Dream Office Real Estate Investment Trst Price Performance

The company has a current ratio of 0.08, a quick ratio of 0.15 and a debt-to-equity ratio of 115.31. The firm has a market capitalization of C$308.24 million, a P/E ratio of -3.12 and a beta of 1.43. The company has a 50 day moving average of C$17.58 and a 200-day moving average of C$17.54.

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 EPS for the quarter. Dream Office Real Estate Investment Trst had a negative net margin of 19.55% and a negative return on equity of 3.21%. The business had revenue of C$46.31 million during the quarter. On average, sell-side analysts predict that Dream Office Real Estate Investment Trst will post 1.4893899 EPS 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.