Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Stock Price Down 3.8% – Time to Sell?

Shares of Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) were down 3.8% during mid-day trading on Thursday . The company traded as low as $14.04 and last traded at $14.04. Approximately 100 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,077 shares. The stock had previously closed at $14.60.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DRETF shares. National Bankshares restated a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a research note on Tuesday, July 15th. Scotiabank restated a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a research note on Monday, August 18th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Dream Office Real Estate Investment Trust Trading Down 3.8%

The company has a 50-day moving average of $13.35 and a two-hundred day moving average of $12.16.

Dream Office Real Estate Investment Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were given a dividend of $0.0604 per share. The ex-dividend date was Tuesday, September 30th. This represents a yield of 503.0%. Dream Office Real Estate Investment Trust’s payout ratio is 99.84%.

Dream Office Real Estate Investment Trust Company Profile

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.