Viewing Company Dream Office REIT | StockChase
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Compiling comments that experts make about stocks while on public TV.

Dream Office REIT Stock Symbol: D.UN-T

Notes:

Formerly Dundee Office REIT (June 2014)

Last Price Recorded: $20.0400 on 2017-07-25

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Date Signal Expert Opinion Price
2017-06-16 COMMENT Greg Newman

A bit of a work in progress. They are tethered to Alberta to a large extent. Their NAV keeps falling. Thinks they are going to cut their distribution. Expects they are going to turn themselves around to a much more pristine asset. Transitioning into a higher quality, especially in the GTA. 4.75% dividend yield. Feels it is a turn around play and you get paid to wait.


Price:
$19.050
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-04-18 DON'T BUY Derek Warren

Not a name for a yield investor even though it has an attractive yield, as it is going through a lot of transitions. He has warned about owning stocks through transition periods. A great company with great management, however when you start churning the amount of assets they have, they are selling billions of dollars of assets with a hope to redeploy them. Feels the dividend could be cut again. Dividend yield of 7.5%.


Price:
$20.140
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
No
2017-03-28 DON'T BUY Paul Gardner, CFA

He avoided it for years.  It got crushed in Alberta.  The biggest issue is the quality of their assets.  Management has a contract that is based on growth and is excessive.  Avoid it.


Price:
$19.250
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-03 COMMENT Derek Warren

Focused on the office sector, and has a large Calgary and Edmonton portfolio. Recently sold $200 million of Calgary office but still have the Edmonton exposure. Also, sold their Kitchener/Waterloo exposure. They will continue to sell assets and focus on their Class A office, especially in the Toronto area. REITs in transition are always challenging. If you have held this for some time, there is no point in selling now. It has actually done quite well recently. If they cut the dividend, that will actually be very interesting, as you have a higher quality REIT with a more reasonable payout. Dividend yield of 7.6%.


Price:
$19.820
Subject:
REITs & REAL ESTATE STOCKS
Bias:
CAUTIOUS
Owned:
Unknown
2017-02-02 DON'T BUY Lyle Stein

He has seen significant restructuring going on, but there are better places to go if you want this space.  He does not have anything in this space.


Price:
$19.690
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2016-09-16 COMMENT William Chin

The chart looks like it is basically locked in a trading range. In this environment when everybody is looking for yield, this stock should have some support, and looks fairly safe. Slightly bullish, not outrageously bullish. He would not hold this for too long, because it is underperforming its peer group. Maybe a 6-9 or 18-month Hold is okay, but wouldn’t let the dividend lure you into holding it for too long.


Price:
$16.830
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2016-09-02 WAIT Derek Warren

Not a big fan, just because of the noise in the Calgary market. However, we are at the $16 range where it has bottomed, and he would be loath to take a hit here. There are a number of things that could be happening between now and the end of the year that could create some kind of a pickup in the stock, and he would wait for that before making any decision.


Price:
$16.250
Subject:
REIT's
Bias:
UNKNOWN
Owned:
No
2016-08-16 DON'T BUY Christine Poole

(Market Call Minute.) This is a REIT that has exposure to Alberta, and she feels they had to write down some of their properties there. There are better REITs to be in.


Price:
$16.710
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2016-08-15 SELL John Zechner

He is a little wary of REITs right now. Valuations are excessive. You are paying 15 to 16 times cash flow. There is a lot of risk if interest rates ever start to move higher. The Calgary real estate market is not turning around in a hurry.


Price:
$16.480
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-07-08 DON'T BUY Derek Warren

A Canadian office REIT with a lot of Calgary exposure. Recently announced that they are doing a transition in the company, and immediately want to sell one 3rd of their portfolio, doing a CapX and then selling another 3rd, and only maintaining a 3rd of their properties. That is a lot of moving pieces and he doesn’t know what the value of their properties actually is.


Price:
$18.990
Subject:
REIT's
Bias:
UNKNOWN
Owned:
No
2016-07-05 COMMENT Daniel Lloyd

Struggling because a reasonably large percentage of their assets is in Western Canada. However, it is tough to bet against Michael Cooper, a sharp guy in the real estate space. It should be fine and he doesn’t think the dividend will get cut again. He owns the parent, Dream Unlimited (DRM-T), which is what he prefers.


Price:
$18.830
Subject:
CANADIAN
Bias:
BEAR
Owned:
No
2016-05-18 COMMENT Steve Belisle

There is a lot of pressure on their portfolio. They have exposure to Calgary, and that market is weak, not only because of oil, but also there was a lot of new supply coming in. When new supply is coming onto the market on the office side, they tend to lease very well because it is brand-new and looks good, so older buildings tend to perform poorly. That has been impacting this company. There is a lot of value in the name. It is trading at a huge discount to NAV. For a long-term investor who thinks things are going to recover, this could be a good buy, but he sees a lot of risks. Dividend is greater than 7%, but he thinks they will try to hang onto it.


Price:
$19.080
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Unknown
2016-05-10 COMMENT Richard Croft

This is a REIT that is in office space. You want to look at where they are located and where they’ve got their projects. This has a very good distribution, and it really comes down to occupancy rates.


Price:
$19.130
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Yes
2016-05-06 WAIT Derek Warren

Has been in a long-term decline due to its heavy exposure in the Alberta office market. Announced they were restructuring, slashed their dividend and were selling two thirds of the company. Just announced earnings which were in line with his expectations. When a company is going through a strategic restructuring, he tends to sit on the sidelines.


Price:
$20.210
Subject:
REIT's
Bias:
UNKNOWN
Owned:
No
2016-04-11 WATCH Colin Stewart

He tracks it, but does not own it.  They have a lot of Western Canada exposure.  Great management.  Longer term they will do well, but there are challenges short term. 


Price:
$20.680
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
CAUTIOUS
Owned:
No
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