Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Trading Up 0.5% – Here’s Why

Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) was up 0.5% during mid-day trading on Monday . The company traded as high as $12.45 and last traded at $12.45. Approximately 2,000 shares were traded during trading, a decline of 22% from the average daily volume of 2,558 shares. The stock had previously closed at $12.3903.

Analyst Ratings Changes

A number of analysts recently issued reports on DRETF shares. Canadian Imperial Bank of Commerce upgraded shares of Dream Office Real Estate Investment Trust from a “neutral” rating to an “outperform” rating in a report on Sunday, May 10th. Scotiabank reiterated a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a research report on Wednesday, May 13th. Finally, TD Securities reiterated 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 four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Dream Office Real Estate Investment Trust Price Performance

The business’s 50-day moving average price is $12.07 and its 200 day moving average price is $12.51.

About Dream Office Real Estate Investment Trust

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.