Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Trading Up 9% – Still a Buy?

Dream Office Real Estate Investment Trust (OTCMKTS:DRETF)’s share price traded up 9% during mid-day trading on Monday . The stock traded as high as $13.74 and last traded at $13.74. 300 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 1,028 shares. The stock had previously closed at $12.60.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a report on Monday, November 17th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Dream Office Real Estate Investment Trust Trading Up 9.0%

The firm’s 50-day moving average is $12.57 and its two-hundred day moving average is $12.98.

Dream Office Real Estate Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.0594 dividend. The ex-dividend date was Friday, November 28th. This represents a yield of 553.0%. Dream Office Real Estate Investment Trust’s dividend payout ratio is currently 99.84%.

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.