Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.51 and traded as low as C$17.44. Dream Office Real Estate Investment Trst shares last traded at C$17.52, with a volume of 18,655 shares changing hands.

Wall Street Analyst Weigh In

D.UN has been the topic of several analyst reports. Scotiabank lifted their price target on shares of 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. TD upped their price target 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 increased their price target on Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. Finally, National Bank Financial decreased their target price on shares of 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. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$19.67.

Dream Office Real Estate Investment Trst Stock Performance

The firm has a 50-day moving average price of C$17.40 and a 200 day moving average price of C$17.51. The firm has a market capitalization of C$287.26 million, a PE ratio of -2.91 and a beta of 1.40. The company has a quick ratio of 0.15, 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 posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported C$0.51 earnings per share (EPS) for the quarter. The firm 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 expect 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.