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

Dream Office Real Estate Investment Trst (TSE:D.UN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.94 and traded as high as C$19.33. Dream Office Real Estate Investment Trst shares last traded at C$19.33, with a volume of 39,106 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. CIBC increased their price objective on shares of Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a report on Tuesday, November 11th. National Bankshares upped their target price on shares of Dream Office Real Estate Investment Trst from C$17.00 to C$21.50 and gave the company a “sector perform” rating in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Dream Office Real Estate Investment Trst has a consensus rating of “Hold” and a consensus price target of C$19.58.

Dream Office Real Estate Investment Trst Price Performance

The company’s 50 day simple moving average is C$17.74 and its 200 day simple moving average is C$17.94. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16. The stock has a market cap of C$316.41 million, a P/E ratio of -2.42 and a beta of 1.29.

Dream Office Real Estate Investment Trst (TSE:D.UN) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported C($3.09) earnings per share 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 firm had revenue of C$45.94 million for the quarter. As a group, equities analysts forecast that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share 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.