Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Sees Significant Growth in Short Interest

Dream Office Real Estate Investment Trust (OTCMKTS:DRETFGet Rating) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 277,900 shares, a growth of 52.5% from the March 31st total of 182,200 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 2,779.0 days.

DRETF has been the topic of several analyst reports. TD Securities raised their target price on Dream Office Real Estate Investment Trust from C$29.00 to C$33.00 in a report on Tuesday, March 22nd. Canaccord Genuity Group lowered Dream Office Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. National Bankshares lowered Dream Office Real Estate Investment Trust to a “hold” rating and set a $27.00 target price on the stock. in a report on Monday, January 17th. CIBC raised their target price on Dream Office Real Estate Investment Trust from C$27.25 to C$31.50 in a report on Monday, March 14th. Finally, Desjardins raised their target price on Dream Office Real Estate Investment Trust from C$27.00 to C$28.00 in a report on Wednesday, February 23rd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.31.

Shares of DRETF opened at $20.53 on Friday. Dream Office Real Estate Investment Trust has a 12 month low of $16.00 and a 12 month high of $23.72. The stock’s 50 day moving average is $21.88 and its two-hundred day moving average is $19.97.

The company also recently announced a dividend, which will be paid on Friday, May 13th. Stockholders of record on Friday, April 29th will be given a $0.0667 dividend. This represents a dividend yield of 3.67%. The ex-dividend date is Thursday, April 28th. This is an increase from Dream Office Real Estate Investment Trust’s previous dividend of $0.07.

About Dream Office Real Estate Investment Trust (Get Rating)

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT owns well-located, high-quality office properties, primarily in downtown Toronto.

See Also

Receive News & Ratings for Dream Office Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dream Office Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.