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 share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.47 and traded as high as C$18.38. Dream Office Real Estate Investment Trst shares last traded at C$17.99, with a volume of 34,060 shares traded.

Analysts Set New Price Targets

Several research firms have commented on D.UN. Desjardins increased their target price on shares of 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. TD increased their target price on shares of 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 lowered their price target on Dream Office Real Estate Investment Trst from C$19.50 to C$19.00 and set a “sector perform” rating on the stock in a research report on Monday, April 20th. Finally, Scotiabank raised their price target 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 report on Monday, February 23rd. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dream Office Real Estate Investment Trst has a consensus rating of “Hold” and a consensus target price of C$19.67.

Dream Office Real Estate Investment Trst Trading Down 1.1%

The company has a market capitalization of C$294.96 million, a price-to-earnings ratio of -2.99 and a beta of 1.40. The company has a 50-day moving average price of C$17.19 and a 200-day moving average price of C$17.47. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31.

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 earnings per share (EPS) for the quarter. The company had revenue of C$46.31 million 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%. 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.