Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Short Interest Update

Dream Office Real Estate Investment Trust (OTCMKTS:DRETFGet Free Report) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 330,444 shares, an increase of 66.9% from the July 30th total of 198,039 shares. Based on an average daily volume of 628 shares, the short-interest ratio is presently 526.2 days.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DRETF shares. Scotiabank reissued a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a research report on Tuesday, August 11th. TD Securities reaffirmed a “hold” rating on shares of Dream Office Real Estate Investment Trust in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Dream Office Real Estate Investment Trust in a research note on Monday, August 10th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a report on Monday, August 17th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Read Our Latest Stock Report on DRETF

Dream Office Real Estate Investment Trust Stock Performance

Shares of DRETF stock opened at $13.51 on Monday. The firm’s 50 day moving average is $13.15 and its 200 day moving average is $12.61. Dream Office Real Estate Investment Trust has a 12 month low of $11.68 and a 12 month high of $14.60.

Dream Office Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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