Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Short Interest Up 66.9% in August

Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 330,444 shares, an increase of 66.9% from the July 30th total of 198,039 shares. Based on an average daily trading volume, of 628 shares, the short-interest ratio is presently 526.2 days.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DRETF. Scotiabank reissued a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a report on Tuesday, August 11th. TD Securities reaffirmed a “hold” rating on shares of Dream Office Real Estate Investment Trust in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Dream Office Real Estate Investment Trust in a research note on Monday, August 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Dream Office Real Estate Investment Trust in a research note on Monday, August 17th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Dream Office Real Estate Investment Trust Price Performance

Dream Office Real Estate Investment Trust stock opened at $13.51 on Tuesday. Dream Office Real Estate Investment Trust has a fifty-two week low of $11.68 and a fifty-two week high of $14.60. The firm has a fifty day moving average price of $13.18 and a two-hundred day moving average price of $12.61.

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.