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

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.59 and traded as high as C$19.11. Dream Office Real Estate Investment Trst shares last traded at C$18.96, with a volume of 29,101 shares traded.

Analyst Ratings Changes

D.UN has been the topic of a number of recent analyst reports. National Bank Financial lowered their target price on 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 research note on Monday, April 20th. TD raised their price objective on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$18.50 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$19.67.

Dream Office Real Estate Investment Trst Trading Up 0.6%

The firm has a fifty day simple moving average of C$17.77 and a two-hundred day simple moving average of C$17.59. The firm has a market capitalization of C$310.87 million, a P/E ratio of -3.15 and a beta of 1.43. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.15.

Dream Office Real Estate Investment Trst (TSE:D.UN) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported C$0.51 EPS for the quarter. The firm had revenue of C$46.31 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, equities research analysts anticipate 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.