Dream Office Real Estate Investment Trst (TSE:D.UN) Stock 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 Tuesday . The stock has a 200-day moving average of C$17.66 and traded as high as C$19.07. Dream Office Real Estate Investment Trst shares last traded at C$19.06, with a volume of 19,409 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on D.UN. TD boosted 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 research report on Tuesday, May 12th. National Bank Financial cut their price objective on 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 report on Monday, April 20th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Dream Office Real Estate Investment Trst presently has a consensus rating of “Hold” and a consensus target price of C$19.67.

Dream Office Real Estate Investment Trst Stock Up 0.8%

The firm has a fifty day simple moving average of C$18.23 and a 200-day simple moving average of C$17.66. The firm has a market cap of C$307.43 million, a price-to-earnings ratio of -3.11 and a beta of 1.43. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.15 and a current ratio of 0.08.

Dream Office Real Estate Investment Trst (TSE:D.UN) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported C$0.51 earnings per share (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 company had revenue of C$46.31 million during the quarter. As a group, sell-side analysts expect that Dream Office Real Estate Investment Trst will post 1.4893899 EPS for the current year.

Dream Office Real Estate Investment Trst Company Profile

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.