Short Interest in Dream Residential Real Estate Investment Trust (OTCMKTS:DRREF) Drops By 92.9%

Dream Residential Real Estate Investment Trust (OTCMKTS:DRREF) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decrease of 92.9% from the February 29th total of 1,400 shares. Based on an average daily volume of 3,100 shares, the days-to-cover ratio is currently 0.0 days.

Dream Residential Real Estate Investment Trust Stock Up 3.1 %

Dream Residential Real Estate Investment Trust stock traded up C$0.21 during mid-day trading on Thursday, hitting C$7.07. 1,400 shares of the company’s stock traded hands, compared to its average volume of 3,427. The firm has a 50 day moving average price of C$6.76 and a 200 day moving average price of C$6.55. Dream Residential Real Estate Investment Trust has a one year low of C$5.39 and a one year high of C$9.24.

Dream Residential Real Estate Investment Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, March 27th.

Dream Residential Real Estate Investment Trust Company Profile

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns an initial portfolio of 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States.