Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Price broke below the 200‑day moving average: D.UN traded as low as C$17.05 and last at C$17.33, slipping under its 200‑day MA of C$17.88 on modest volume (8,661 shares).
• Analysts remain cautious with a "Hold" consensus: three brokers rate the stock a Hold with an average target of C$19.42 after small target adjustments in the C$19.00–C$19.50 range.
• Underlying fundamentals are weak: the REIT reported C($1.49) EPS last quarter, negative net margin (-19.55%) and ROE (-3.21%), very low liquidity (current ratio 0.08, quick ratio 0.16) and high leverage (debt/equity 115.31).

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.88 and traded as low as C$17.05. Dream Office Real Estate Investment Trst shares last traded at C$17.33, with a volume of 8,661 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on D.UN. National Bank Financial lowered their price objective on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$19.50 and set a "sector perform" rating for the company in a research report on Monday, February 23rd. Scotiabank increased their price objective on shares of 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 report on Monday, February 23rd. Finally, Desjardins increased their price objective on shares of Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the stock a "hold" rating in a research report on Monday, February 23rd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$19.42.

Dream Office Real Estate Investment Trst Trading Up 1.5%

The stock has a market cap of C$283.69 million, a price-to-earnings ratio of -2.10 and a beta of 0.97. The company has a quick ratio of 0.16, a current ratio of 0.08 and a debt-to-equity ratio of 115.31. The business's 50 day simple moving average is C$16.80 and its 200 day simple moving average is C$17.88.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) last issued 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 net margin of 19.55% and a negative return on equity of 3.21%. The company had revenue of C$45.01 million during the quarter. On average, research analysts expect 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.

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