Dream Office Real Estate Investment Trst (TSE:D.UN) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Dream Office shares crossed above their 200-day moving average, reaching C$17.84 and last trading at C$17.78, compared with a 200-day average of C$17.61.
• Analysts remain cautious: all four covering the stock rate it “Hold,” although recent price-target increases put the consensus target at C$19.50.
• The REIT reported a quarterly loss of C$0.38 per share on C$46.59 million in revenue, alongside a negative net margin of 19.55% and negative return on equity of 3.21%.

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.61 and traded as high as C$17.84. Dream Office Real Estate Investment Trst shares last traded at C$17.78, with a volume of 9,489 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on D.UN shares. 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. National Bank Financial lifted their price objective 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. Finally, TD boosted their price objective on Dream Office Real Estate Investment Trst from C$18.50 to C$19.00 and gave the company a "hold" rating in a research report on Tuesday, August 11th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, Dream Office Real Estate Investment Trst presently has a consensus rating of "Hold" and a consensus target price of C$19.50.

Dream Office Real Estate Investment Trst Trading Down 0.9%

The company has a debt-to-equity ratio of 115.31, a current ratio of 0.08 and a quick ratio of 0.15. The business has a 50-day simple moving average of C$18.41 and a two-hundred day simple moving average of C$17.61. The stock has a market cap of C$292.27 million, a price-to-earnings ratio of -4.18 and a beta of 1.40.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported C($0.38) earnings per share for the quarter. The company had revenue of C$46.59 million during 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 forecast 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.

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