Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Stock Price Up 3.6% – Here’s What Happened

Dream Office Real Estate Investment Trust (OTCMKTS:DRETF)’s stock price rose 3.6% during mid-day trading on Thursday . The stock traded as high as $13.4350 and last traded at $13.4350. 5,985 shares traded hands during mid-day trading, an increase of 121% from the average daily volume of 2,712 shares. The stock had previously closed at $12.97.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Scotiabank reiterated a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a research report on Wednesday, May 13th. TD Securities reissued a “hold” rating on shares of Dream Office Real Estate Investment Trust in a research report on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Dream Office Real Estate Investment Trust from a “neutral” rating to an “outperform” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Dream Office Real Estate Investment Trust Stock Performance

The firm has a 50-day simple moving average of $12.65 and a two-hundred day simple moving average of $12.51.

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.