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

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

Analyst Ratings Changes

DRETF has been the topic of a number of research analyst reports. TD Securities reissued a “hold” rating on shares of Dream Office Real Estate Investment Trust in a research report on Tuesday, May 12th. Scotiabank reissued 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 raised shares of Dream Office Real Estate Investment Trust from a “neutral” rating to an “outperform” rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Dream Office Real Estate Investment Trust has a consensus rating of “Hold”.

Dream Office Real Estate Investment Trust Stock Performance

The stock’s 50-day simple moving average is $12.07 and its 200-day simple moving average 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.