Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Trading 3.6% Higher – Here’s What Happened

Shares of Dream Office Real Estate Investment Trust (OTCMKTS:DRETFGet Free Report) shot up 3.6% during mid-day trading on Thursday . The company traded as high as $13.4350 and last traded at $13.4350. 5,985 shares were traded during trading, an increase of 121% from the average session volume of 2,712 shares. The stock had previously closed at $12.97.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DRETF shares. Canadian Imperial Bank of Commerce raised Dream Office Real Estate Investment Trust from a “neutral” rating to an “outperform” rating in a research report on Sunday, May 10th. Scotiabank reaffirmed a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a research report on Wednesday, May 13th. Finally, TD Securities reaffirmed a “hold” rating on shares of Dream Office Real Estate Investment Trust in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dream Office Real Estate Investment Trust presently has an average rating of “Hold”.

Read Our Latest Stock Report on Dream Office Real Estate Investment Trust

Dream Office Real Estate Investment Trust Price Performance

The business’s 50 day moving average is $12.63 and its 200 day moving average is $12.51.

About Dream Office Real Estate Investment Trust

(Get Free Report)

Dream Office Real Estate Investment Trust is a Canadian office-focused real estate investment trust based in Toronto, Ontario. The company acquires, owns and manages a diversified portfolio of office properties primarily situated in central business districts and high-growth suburban markets across Canada. As a publicly traded trust, Dream Office REIT seeks to deliver long-term value through active asset management, leasing strategies and selective property acquisitions and dispositions.

The trust’s portfolio spans key metropolitan regions including Toronto, Calgary, Vancouver and Montreal.

Further Reading

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