Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Shares Up 5.8% – Time to Buy?

Dream Office Real Estate Investment Trust (OTCMKTS:DRETF)’s share price shot up 5.8% on Tuesday . The stock traded as high as $13.28 and last traded at $13.28. 631 shares traded hands during trading, a decline of 24% from the average session volume of 833 shares. The stock had previously closed at $12.56.

Dream Office Real Estate Investment Trust Stock Performance

The firm has a 50 day moving average price of $12.58 and a two-hundred day moving average price of $14.05.

Dream Office Real Estate Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.058 per share. The ex-dividend date was Friday, January 31st. This represents a yield of 5.63%. 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 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.