Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Stock Jumps 0.5% – Time to Buy?

Shares of Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) traded up 0.5% during mid-day trading on Wednesday. The stock traded as high as $12.96 and last traded at $12.96. 175 shares changed hands during trading, a decline of 92% from the average daily volume of 2,248 shares. The stock had previously closed at $12.9015.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DRETF shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Dream Office Real Estate Investment Trust in a report on Monday, August 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a report on Monday, August 17th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Dream Office Real Estate Investment Trust Trading Down 7.6%

The stock’s fifty day moving average price is $13.23 and its 200-day moving average price is $12.63.

Dream Office Real Estate Investment Trust Company Profile

Dream Office Real Estate Investment Trust is a Canadian real estate investment trust focused on owning, managing and developing office properties. Its portfolio has historically been concentrated in major Canadian urban markets, with a significant presence in downtown Toronto and additional properties in other Canadian cities.

The trust provides commercial office space to businesses across a range of industries. Its activities include leasing and property management, building operations, tenant services, asset repositioning and the redevelopment of selected properties.