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

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

Analyst Ratings Changes

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

Dream Office Real Estate Investment Trust Trading Up 3.6%

The company’s 50-day simple moving average is $12.63 and its 200 day simple moving average is $12.51.

Dream Office Real Estate Investment Trust Company Profile

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.