Dream Office Real Estate Investment Trst (TSE:D.UN) Shares Pass Above 200 Day Moving Average – Here’s Why

Dream Office Real Estate Investment Trst (TSE:D.UN)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.63 and traded as high as C$18.31. Dream Office Real Estate Investment Trst shares last traded at C$18.15, with a volume of 4,907 shares.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on D.UN. National Bank Financial dropped their price objective on shares of Dream Office Real Estate Investment Trst from C$19.50 to C$19.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. TD raised their target price on Dream Office Real Estate Investment Trst from C$18.00 to C$18.50 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Dream Office Real Estate Investment Trst has a consensus rating of “Hold” and a consensus price target of C$19.67.

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 0.15. The company has a fifty day moving average price of C$18.29 and a 200 day moving average price of C$17.63. The stock has a market cap of C$297.59 million, a P/E ratio of -3.01 and a beta of 1.42.

Dream Office Real Estate Investment Trst (TSE:D.UN) last issued 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 return on equity of 3.21% and a negative net margin of 19.55%.The company had revenue of C$46.31 million for the quarter. On average, equities 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.