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

Dream Office Real Estate Investment Trst (TSE:D.UN)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$18.17 and traded as high as C$19.19. Dream Office Real Estate Investment Trst shares last traded at C$18.99, with a volume of 13,088 shares.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on D.UN. CIBC lifted their target price on shares of Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a research report on Tuesday, November 11th. National Bankshares lifted 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 note on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$19.58.

Dream Office Real Estate Investment Trst Trading Up 1.0%

The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31. The company has a 50-day moving average price of C$18.19 and a 200-day moving average price of C$18.17. The company has a market capitalization of C$310.85 million, a price-to-earnings ratio of -2.37 and a beta of 1.29.

Dream Office Real Estate Investment Trst (TSE:D.UN) last announced its earnings results on Thursday, November 6th. The real estate investment trust reported C($3.09) earnings per share for the quarter. The business had revenue of C$45.94 million 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%. Research analysts predict 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.