Dream Office Real Estate Investment Trst (TSE:D.UN) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$18.28 and traded as high as C$18.35. Dream Office Real Estate Investment Trst shares last traded at C$17.44, with a volume of 40,923 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. National Bank Financial boosted their price target on Dream Office Real Estate Investment Trst from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Canadian Imperial Bank of Commerce upped their target price on shares of Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a research note on Tuesday, November 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$19.33.

Dream Office Real Estate Investment Trst Stock Performance

The business has a 50-day moving average of C$18.42 and a 200 day moving average of C$18.30. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16. The company has a market cap of C$285.48 million, a PE ratio of -2.18 and a beta of 1.23.

Dream Office Real Estate Investment Trst (TSE:D.UN) last posted its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported C($1.49) earnings per share (EPS) for the quarter. The business had revenue of C$45.01 million during 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 anticipate that Dream Office Real Estate Investment Trst will post 1.4893899 EPS for the current fiscal 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.