Dream Office Real Estate Investment Trust (OTCMKTS:DRETF – Get Free Report)’s share price shot up 9% during mid-day trading on Monday . The company traded as high as $13.74 and last traded at $13.74. 300 shares changed hands during trading, a decline of 71% from the average session volume of 1,028 shares. The stock had previously closed at $12.60.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a report on Monday, November 17th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dream Office Real Estate Investment Trust currently has an average rating of “Hold”.
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Dream Office Real Estate Investment Trust Trading Up 9.0%
Dream Office Real Estate Investment Trust Cuts Dividend
The company also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.0594 per share. This represents a dividend yield of 553.0%. The ex-dividend date of this dividend was Friday, November 28th. Dream Office Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 99.84%.
Dream Office Real Estate Investment Trust Company Profile
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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