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

Key Points

• Dream Office shares crossed above their 200-day moving average, reaching C$18.01 before closing at C$17.92, compared with the C$17.58 200-day average.
• Analysts remain cautious: all four reported ratings are Hold, although price targets were raised and the consensus target is C$20.17.
• The REIT reported a quarterly loss of C$0.38 per share, negative net margin and return on equity, while carrying high leverage with a debt-to-equity ratio of 115.31.

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.58 and traded as high as C$18.01. Dream Office Real Estate Investment Trst shares last traded at C$17.92, with a volume of 3,910 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on D.UN. TD raised their target price 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 report on Tuesday, August 11th. National Bank Financial upped their price target on shares of Dream Office Real Estate Investment Trst from C$20.00 to C$20.50 and gave the stock a "sector perform" rating in a report on Monday, August 10th. Finally, Desjardins increased their price target on Dream Office Real Estate Investment Trst from C$18.50 to C$20.00 and gave the company a "hold" rating in a research note on Tuesday, August 11th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dream Office Real Estate Investment Trst currently has an average rating of "Hold" and a consensus price target of C$20.17.

Dream Office Real Estate Investment Trst Stock Performance

The company has a market capitalization of C$294.57 million, a P/E ratio of -4.21 and a beta of 1.40. 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 company has a fifty day moving average price of C$18.63 and a two-hundred day moving average price of C$17.58.

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