Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Shares Down 2.1% – What’s Next?

Shares of Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) dropped 2.1% during trading on Wednesday . The stock traded as low as $12.34 and last traded at $12.34. Approximately 100 shares traded hands during trading, a decline of 90% from the average daily volume of 1,028 shares. The stock had previously closed at $12.60.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a research note on Monday, November 17th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dream Office Real Estate Investment Trust has an average rating of “Hold”.

Dream Office Real Estate Investment Trust Stock Down 2.1%

The stock has a fifty day moving average price of $13.36 and a 200 day moving average price of $12.84.

Dream Office Real Estate Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.0594 per share. This represents a yield of 553.0%. The ex-dividend date of this dividend was Friday, November 28th. Dream Office Real Estate Investment Trust’s payout ratio is presently 99.84%.

About Dream Office Real Estate Investment Trust

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world.