Dream Office Real Estate Investment Trst (TSE:D.UN) Shares Cross Above Two Hundred 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 Friday . The stock has a 200-day moving average of C$18.28 and traded as high as C$18.35. Dream Office Real Estate Investment Trst shares last traded at C$17.44, with a volume of 40,923 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on D.UN shares. Canadian Imperial Bank of Commerce raised their price target on shares of Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 in a research report on Tuesday, November 11th. National Bank Financial increased their target price on shares of Dream Office Real Estate Investment Trst from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$19.33.

Dream Office Real Estate Investment Trst Stock Down 0.1%

The stock has a market cap of C$285.48 million, a price-to-earnings ratio of -2.18 and a beta of 1.23. The business’s 50 day moving average is C$18.42 and its 200-day moving average is C$18.28. The company has a debt-to-equity ratio of 115.31, a quick ratio of 0.16 and a current ratio of 0.08.

Dream Office Real Estate Investment Trst (TSE:D.UN) last posted its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported C($1.49) earnings per share 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$45.01 million for the quarter. On average, sell-side analysts predict that Dream Office Real Estate Investment Trst will post 1.4893899 EPS for the current fiscal 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.