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

Dream Office Real Estate Investment Trst (TSE:D.UN) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$17.73 and traded as high as C$18.75. Dream Office Real Estate Investment Trst shares last traded at C$18.61, with a volume of 17,814 shares.

Wall Street Analyst Weigh In

D.UN has been the topic of a number of research analyst reports. CIBC upped their target price on Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a report on Tuesday, November 11th. Cormark upped their price target on Dream Office Real Estate Investment Trst from C$20.00 to C$23.50 in a research note on Friday, September 12th. Finally, National Bankshares increased their price objective on Dream Office Real Estate Investment Trst from C$17.00 to C$21.50 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$19.58.

Dream Office Real Estate Investment Trst Stock Down 2.1%

The company has a market capitalization of C$298.24 million, a PE ratio of -2.28 and a beta of 1.21. 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 company’s 50-day moving average is C$17.75 and its 200 day moving average is C$17.73.

Dream Office Real Estate Investment Trst (TSE:D.UN) last issued its earnings results on Thursday, November 6th. The real estate investment trust reported C($3.09) earnings per share (EPS) for the quarter. The firm 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%. As a group, analysts anticipate 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.