Dream Office Real Estate Investment Trst (TSE:D.UN) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Dream Office Real Estate Investment Trst (TSE:D.UN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.47 and traded as high as C$18.38. Dream Office Real Estate Investment Trst shares last traded at C$17.99, with a volume of 34,060 shares traded.

Analyst Ratings Changes

A number of research firms have recently issued reports on D.UN. Desjardins raised their price objective on Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the company a “hold” rating in a research report on Monday, February 23rd. Scotiabank boosted 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 report on Monday, February 23rd. TD increased their price target on Dream Office Real Estate Investment Trst from C$18.00 to C$18.50 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Finally, National Bank Financial decreased 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 on the stock in a report on Monday, April 20th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dream Office Real Estate Investment Trst currently has a consensus rating of “Hold” and a consensus price target of C$19.67.

Dream Office Real Estate Investment Trst Stock Down 1.1%

The company’s fifty day moving average price is C$17.19 and its 200-day moving average price is C$17.47. The stock has a market capitalization of C$294.96 million, a PE ratio of -2.99 and a beta of 1.40. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31.

Dream Office Real Estate Investment Trst (TSE:D.UN) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported C$0.51 earnings per share (EPS) for the quarter. The company had revenue of C$46.31 million 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%. 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.