Dream Office Real Estate Investment Trst (TSE:D.UN) Shares Pass Above 200-Day Moving Average – Time to Sell?

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$17.42 and traded as high as C$17.45. Dream Office Real Estate Investment Trst shares last traded at C$17.45, with a volume of 4,300 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on D.UN shares. National Bank Financial dropped 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 note on Monday, April 20th. Desjardins lifted 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 research note on Monday, February 23rd. TD lifted their price target on 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. Finally, Scotiabank lifted their price target on Dream Office Real Estate Investment Trst from C$18.25 to C$19.50 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$19.67.

Dream Office Real Estate Investment Trst Trading Up 4.9%

The company has a current ratio of 0.08, a quick ratio of 0.16 and a debt-to-equity ratio of 115.31. The firm has a 50-day moving average of C$16.95 and a 200 day moving average of C$17.43. The company has a market cap of C$300.21 million, a P/E ratio of -3.04 and a beta of 1.40.

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 return on equity of 3.21% and a negative net margin of 19.55%.The company had revenue of C$46.31 million for the quarter. On average, analysts predict that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share 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.