Dream Office Real Estate Investment Trst (TSE:D.UN) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Dream Office Real Estate Investment Trst (TSE:D.UN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.42 and traded as high as C$17.45. Dream Office Real Estate Investment Trst shares last traded at C$17.45, with a volume of 4,300 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. TD lifted their price objective 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 note on Tuesday, May 12th. Desjardins lifted their price objective on Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. National Bank Financial dropped 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 note on Monday, April 20th. Finally, Scotiabank lifted their price objective on Dream Office Real Estate Investment Trst from C$18.25 to C$19.50 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$19.67.

Dream Office Real Estate Investment Trst Price Performance

The stock has a market capitalization of C$286.11 million, a price-to-earnings ratio of -2.90 and a beta of 1.40. 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 has a 50 day moving average of C$16.90 and a 200 day moving average of C$17.42.

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 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 firm had revenue of C$46.31 million during the quarter. As a group, equities research analysts anticipate that Dream Office Real Estate Investment Trst will post 1.4893899 EPS 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.