Dream Office Real Estate Investment Trst (TSE:D.UN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.43 and traded as high as C$17.80. Dream Office Real Estate Investment Trst shares last traded at C$17.65, with a volume of 13,440 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on D.UN shares. TD upped their price objective on Dream Office Real Estate Investment Trst from C$18.00 to C$18.50 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. National Bank Financial reduced their price objective on 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 report on Monday, April 20th. Scotiabank upped their price objective on Dream Office Real Estate Investment Trst from C$18.25 to C$19.50 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. Finally, Desjardins upped their price objective on Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the stock a “hold” rating in a research report on Monday, February 23rd. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$19.67.

Dream Office Real Estate Investment Trst Stock Up 0.6%

The firm has a market cap of C$289.39 million, a P/E ratio of -2.93 and a beta of 1.04. 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 firm has a fifty day moving average of C$16.73 and a 200-day moving average of C$17.43.

Dream Office Real Estate Investment Trst (TSE:D.UN) last released its earnings results on Thursday, May 7th. The real estate investment trust reported C$0.51 earnings per share (EPS) 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 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 earnings per share for the current 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.