Dream Office Real Estate Investment Trst (TSE:D.UN) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$17.61 and traded as high as C$18.72. Dream Office Real Estate Investment Trst shares last traded at C$18.67, with a volume of 6,631 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. National Bank Financial raised their target price on Dream Office Real Estate Investment Trst from C$20.00 to C$20.50 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. TD upped their target price on shares of Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. Finally, Desjardins increased their price target on Dream Office Real Estate Investment Trst from C$18.50 to C$20.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$20.17.

Dream Office Real Estate Investment Trst Stock Performance

The company has a market capitalization of C$308.71 million, a PE ratio of -4.42 and a beta of 1.42. The stock has a 50-day simple moving average of C$18.53 and a 200 day simple moving average of C$17.61. The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.15.

Dream Office Real Estate Investment Trst (TSE:D.UN) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported C($0.38) earnings per share for the quarter. The business had revenue of C$46.59 million 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%. Equities 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.