Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Stock Price Up 2.3% – Time to Buy?

Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) shot up 2.3% on Tuesday . The stock traded as high as $14.06 and last traded at $14.06. 100 shares changed hands during trading, a decline of 50% from the average session volume of 200 shares. The stock had previously closed at $13.74.

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 research note on Monday, November 17th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Dream Office Real Estate Investment Trust Price Performance

The company’s 50 day moving average is $12.85 and its 200 day moving average is $13.14.

Dream Office Real Estate Investment Trust Cuts Dividend

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

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.