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

Dream Office Real Estate Investment Trst (TSE:D.UN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.63 and traded as high as C$19.22. Dream Office Real Estate Investment Trst shares last traded at C$18.76, with a volume of 18,437 shares.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD increased their price objective 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 note on Tuesday, May 12th. National Bank Financial reduced their price target 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 note on Monday, April 20th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$19.67.

Dream Office Real Estate Investment Trst Stock Down 2.6%

The company has a current ratio of 0.08, a quick ratio of 0.15 and a debt-to-equity ratio of 115.31. The stock has a market capitalization of C$307.59 million, a PE ratio of -3.11 and a beta of 1.43. The stock’s fifty day simple moving average is C$17.99 and its 200-day simple moving average is C$17.63.

Dream Office Real Estate Investment Trst (TSE:D.UN) last announced 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 net margin of 19.55% and a negative return on equity of 3.21%. The company had revenue of C$46.31 million during the quarter. As a group, sell-side analysts forecast 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.