Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Short Interest Update
Dream Office Real Estate Investment Trust (OTCMKTS:DRETF – Get Rating) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 182,200 shares, a decline of 38.5% from the March 15th total of 296,400 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 455.5 days.
Shares of DRETF stock remained flat at $$22.15 on Friday. The business has a 50-day simple moving average of $21.53 and a 200-day simple moving average of $19.77. Dream Office Real Estate Investment Trust has a 52-week low of $16.00 and a 52-week high of $23.72.
The business also recently declared a dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were paid a $0.0661 dividend. This is a boost from Dream Office Real Estate Investment Trust’s previous dividend of $0.07. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a dividend yield of 3.5%.
A number of research firms recently weighed in on DRETF. Desjardins boosted their target price on Dream Office Real Estate Investment Trust from C$27.00 to C$28.00 in a report on Wednesday, February 23rd. BMO Capital Markets boosted their target price on Dream Office Real Estate Investment Trust from C$25.50 to C$27.50 in a report on Tuesday, February 22nd. National Bankshares lowered Dream Office Real Estate Investment Trust to a “hold” rating and set a $27.00 price objective on the stock. in a report on Monday, January 17th. Canaccord Genuity Group lowered Dream Office Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. Finally, CIBC upped their price objective on Dream Office Real Estate Investment Trust from C$27.25 to C$31.50 in a report on Monday, March 14th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $28.31.
Dream Office Real Estate Investment Trust Company Profile (Get Rating)
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT owns well-located, high-quality office properties, primarily in downtown Toronto.
Further Reading
Receive News & Ratings for Dream Office Real Estate Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Dream Office Real Estate Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.