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

Dream Office Real Estate Investment Trst (TSE:D.UN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$18.17 and traded as high as C$19.19. Dream Office Real Estate Investment Trst shares last traded at C$18.99, with a volume of 13,088 shares.

Analyst Ratings Changes

A number of equities analysts have commented on D.UN shares. CIBC upped their price objective on shares of Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a research report on Tuesday, November 11th. National Bankshares boosted their price target on shares of 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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dream Office Real Estate Investment Trst presently has a consensus rating of “Hold” and a consensus price target of C$19.58.

Dream Office Real Estate Investment Trst Price Performance

The firm has a market capitalization of C$310.85 million, a P/E ratio of -2.37 and a beta of 1.29. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08. The business has a fifty day moving average of C$18.19 and a 200-day moving average of C$18.17.

Dream Office Real Estate Investment Trst (TSE:D.UN) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported C($3.09) earnings per share for the quarter. The company had revenue of C$45.94 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%. On average, sell-side analysts forecast 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.