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

Dream Office Real Estate Investment Trst (TSE:D.UN) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.53 and traded as high as C$18.82. Dream Office Real Estate Investment Trst shares last traded at C$18.82, with a volume of 46,632 shares.

Wall Street Analysts Forecast Growth

D.UN has been the topic of a number of analyst reports. National Bank Financial lowered 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 report on Monday, April 20th. TD boosted 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. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$19.67.

Dream Office Real Estate Investment Trst Price Performance

The business’s 50-day moving average price is C$17.54 and its 200 day moving average price is C$17.53. The company has a market capitalization of C$308.57 million, a P/E ratio of -3.12 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 earnings results on Thursday, May 7th. The real estate investment trust reported C$0.51 earnings per share (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 business had revenue of C$46.31 million for the quarter. Analysts anticipate 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.