Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Dream Office Real Estate Investment Trst (TSE:D.UN)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.63 and traded as high as C$19.22. Dream Office Real Estate Investment Trst shares last traded at C$18.76, with a volume of 18,437 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. 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 for the company in a research note on Monday, April 20th. TD increased 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 report on Tuesday, May 12th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$19.67.

Dream Office Real Estate Investment Trst Stock Performance

The company’s 50-day moving average price is C$18.03 and its two-hundred day moving average price is C$17.64. The company has a market capitalization of C$311.52 million, a price-to-earnings 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. Dream Office Real Estate Investment Trst had a negative net margin of 19.55% and a negative return on equity of 3.21%. The business had revenue of C$46.31 million for the quarter. On average, equities research analysts anticipate that Dream Office Real Estate Investment Trst will post 1.4893899 EPS for the current fiscal 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.