Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Dream Office shares crossed above their 200-day moving average, reaching C$18.72 and last trading at C$18.67, compared with a 200-day average of C$17.61.
• Analysts remain cautious: four firms rate the stock “Hold”, while recent price-target increases put the consensus target at C$20.17.
• The REIT reported a quarterly loss of C$0.38 per share on C$46.59 million in revenue and continues to show financial strain, including a negative net margin and a high debt-to-equity ratio of 115.31.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on D.UN. TD upped their price objective 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 research note on Tuesday, August 11th. Desjardins lifted their target price on shares of Dream Office Real Estate Investment Trst from C$18.50 to C$20.00 and gave the stock a "hold" rating in a research note on Tuesday, August 11th. Finally, National Bank Financial boosted their price target on Dream Office Real Estate Investment Trst from C$20.00 to C$20.50 and gave the company a "sector perform" rating in a report on Monday, August 10th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Dream Office Real Estate Investment Trst presently has a consensus rating of "Hold" and an average price target of C$20.17.

Dream Office Real Estate Investment Trst Trading Down 0.4%

The business has a 50 day simple moving average of C$18.51 and a 200-day simple moving average of C$17.61. The company has a current ratio of 0.08, a quick ratio of 0.15 and a debt-to-equity ratio of 115.31. The stock has a market capitalization of C$306.11 million, a price-to-earnings ratio of -4.39 and a beta of 1.42.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported C($0.38) EPS for the quarter. The company 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%. On average, equities analysts predict that Dream Office Real Estate Investment Trst will post 1.4893899 earnings per share for the current 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.

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