Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Sees Large Increase in Short Interest

Dream Office Real Estate Investment Trust (OTCMKTS:DRETFGet Free Report) was the target of a significant increase in short interest during 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 days-to-cover ratio is presently 526.2 days.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on Dream Office Real Estate Investment Trust

Dream Office Real Estate Investment Trust Stock Performance

DRETF opened at $13.51 on Monday. The firm has a 50-day moving average of $13.15 and a 200 day moving average of $12.61. Dream Office Real Estate Investment Trust has a fifty-two week low of $11.68 and a fifty-two week 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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