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

Dream Office Real Estate Investment Trst (TSE:D.UN) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.61 and traded as high as C$17.84. Dream Office Real Estate Investment Trst shares last traded at C$17.78, with a volume of 9,489 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Desjardins upped their target price on shares of Dream Office Real Estate Investment Trst from C$18.50 to C$20.00 and gave the company a “hold” rating in a research report on Tuesday, August 11th. TD lifted their price target on shares of Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Finally, National Bank Financial boosted their price target on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$20.50 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$19.50.

Dream Office Real Estate Investment Trst Stock Down 3.4%

The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.15 and a current ratio of 0.08. The firm’s 50-day simple moving average is C$18.39 and its 200 day simple moving average is C$17.61. The stock has a market capitalization of C$281.75 million, a P/E ratio of -4.03 and a beta of 1.40.

Dream Office Real Estate Investment Trst (TSE:D.UN) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported C($0.38) EPS for the quarter. The business had revenue of C$46.59 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, research 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.