Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Trading Up 0.7% – Should You Buy?

Dream Office Real Estate Investment Trust (OTCMKTS:DRETF)’s share price rose 0.7% during mid-day trading on Monday . The stock traded as high as $12.37 and last traded at $12.37. Approximately 100 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 1,230 shares. The stock had previously closed at $12.28.

Wall Street Analyst Weigh In

DRETF has been the topic of several research reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a research note on Monday, August 18th. Scotiabank reiterated a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a report on Tuesday, August 12th. Finally, National Bankshares reissued a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a research report on Tuesday, July 15th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Dream Office Real Estate Investment Trust Price Performance

The firm has a 50-day moving average price of $12.14 and a 200-day moving average price of $11.77.

Dream Office Real Estate Investment Trust Increases Dividend

The business also recently declared a dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a $0.0608 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a dividend yield of 584.0%. This is a boost from Dream Office Real Estate Investment Trust’s previous dividend of $0.06. Dream Office Real Estate Investment Trust’s payout ratio is presently 99.84%.

About Dream Office Real Estate Investment Trust

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world.