Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Dream Office shares rose above their 200-day moving average of C$17.63, reaching C$18.31 before last trading at C$18.15 on volume of 4,907 shares.
• Analyst sentiment remains cautious: all four analysts rate the stock “Hold,” with a consensus price target of C$19.67. National Bank lowered its target to C$19.00, while TD raised its target to C$18.50.
• The REIT reported quarterly revenue of C$46.31 million and EPS of C$0.51, but posted a negative net margin of 19.55% and negative return on equity of 3.21%; its debt-to-equity ratio was notably high at 115.31.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.63 and traded as high as C$18.31. Dream Office Real Estate Investment Trst shares last traded at C$18.15, with a volume of 4,907 shares.

Analyst Upgrades and Downgrades

Several brokerages recently commented on D.UN. National Bank Financial reduced their target price 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 report on Monday, April 20th. TD raised their price target on shares of Dream Office Real Estate Investment Trst from C$18.00 to C$18.50 and gave the stock a "hold" rating in a report on Tuesday, May 12th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, Dream Office Real Estate Investment Trst currently has a consensus rating of "Hold" and an average price target of C$19.67.

Dream Office Real Estate Investment Trst Trading Down 0.1%

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 firm has a 50-day moving average of C$18.29 and a 200 day moving average of C$17.63. The company has a market cap of C$297.59 million, a P/E ratio of -3.01 and a beta of 1.42.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) last released 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 business had revenue of C$46.31 million during 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.

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