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

Key Points

• Dream Office shares rose above their 200-day moving average, reaching C$18.42 compared with the C$17.60 average, on trading volume of 6,008 shares.
• Analysts raised their price targets to between C$19.00 and C$20.50, but all four covering analysts maintained a Hold rating; the consensus target is C$20.17.
• The REIT reported quarterly revenue of C$46.59 million and a loss of C$0.38 per share, alongside negative net margin and return on equity, while carrying a high debt-to-equity ratio of 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$17.60 and traded as high as C$18.42. Dream Office Real Estate Investment Trst shares last traded at C$18.42, with a volume of 6,008 shares.

Analyst Ratings Changes

D.UN has been the subject of several recent research reports. Desjardins boosted 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 report on Tuesday, August 11th. National Bank Financial upped their target price on Dream Office Real Estate Investment Trst from C$20.00 to C$20.50 and gave the stock a "sector perform" rating in a research report on Monday, August 10th. Finally, 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 stock a "hold" rating in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$20.17.

Dream Office Real Estate Investment Trst Stock Performance

The stock has a market capitalization of C$302.79 million, a P/E ratio of -4.33 and a beta of 1.42. The company has a quick ratio of 0.15, a current ratio of 0.08 and a debt-to-equity ratio of 115.31. The firm has a 50-day moving average of C$18.58 and a 200 day moving average of C$17.60.

Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported C($0.38) 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$46.59 million for the quarter. Research analysts anticipate 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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