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

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$17.73 and traded as high as C$18.75. Dream Office Real Estate Investment Trst shares last traded at C$18.61, with a volume of 17,814 shares trading hands.

Analyst Upgrades and Downgrades

D.UN has been the subject of a number of analyst reports. Cormark upped their target price on Dream Office Real Estate Investment Trst from C$20.00 to C$23.50 in a report on Friday, September 12th. CIBC boosted their price target on Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a research report on Tuesday, November 11th. Finally, National Bankshares upped their price objective on Dream Office Real Estate Investment Trst from C$17.00 to C$21.50 and gave the stock a “sector perform” rating in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dream Office Real Estate Investment Trst presently has an average rating of “Hold” and an average price target of C$19.58.

Dream Office Real Estate Investment Trst Stock Performance

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 stock has a market cap of C$304.63 million, a price-to-earnings ratio of -2.33 and a beta of 1.21. The stock’s 50-day moving average is C$17.77 and its 200 day moving average is C$17.73.

Dream Office Real Estate Investment Trst (TSE:D.UN) last released its earnings results on Thursday, November 6th. The real estate investment trust reported C($3.09) earnings per share (EPS) for the quarter. The business had revenue of C$45.94 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%. As a group, analysts predict that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share 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.