Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Dream Office Real Estate Investment Trst (TSE:D.UN)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$18.05 and traded as high as C$19.28. Dream Office Real Estate Investment Trst shares last traded at C$19.10, with a volume of 6,435 shares traded.

Analyst Ratings Changes

D.UN has been the topic of a number of recent analyst reports. 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 company a “sector perform” rating in a research report on Wednesday, October 8th. CIBC lifted 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 analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dream Office Real Estate Investment Trst has an average rating of “Hold” and an average price target of C$19.58.

Dream Office Real Estate Investment Trst Price Performance

The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31. The company has a 50 day moving average of C$17.94 and a 200-day moving average of C$18.05. The firm has a market capitalization of C$312.65 million, a P/E ratio of -2.39 and a beta of 1.29.

Dream Office Real Estate Investment Trst (TSE:D.UN) last posted its earnings results on Thursday, November 6th. The real estate investment trust reported C($3.09) earnings per share for the quarter. The firm 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%. On average, sell-side analysts predict that Dream Office Real Estate Investment Trst will post 1.4893899 EPS 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.