Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$18.05 and traded as high as C$19.28. Dream Office Real Estate Investment Trst shares last traded at C$19.10, with a volume of 6,435 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. National Bankshares lifted their price objective on shares of Dream Office Real Estate Investment Trst from C$17.00 to C$21.50 and gave the company a “sector perform” rating in a research note on Wednesday, October 8th. CIBC lifted their price target on Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a research note on Tuesday, November 11th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Dream Office Real Estate Investment Trst has an average rating of “Hold” and a consensus target price of C$19.58.

Dream Office Real Estate Investment Trst Price Performance

The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.16. The stock has a market cap of C$312.65 million, a price-to-earnings ratio of -2.39 and a beta of 1.29. The business’s 50-day simple moving average is C$17.94 and its two-hundred day simple moving average is C$18.05.

Dream Office Real Estate Investment Trst (TSE:D.UN) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported C($3.09) 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 company had revenue of C$45.94 million for the quarter. 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.