Dream floats to the top of INK Real Estate rankings
    
    
      
    
  

  
    
        A recent uptick in
        Canadian insider sentiment has
        been led by the REIT area.
        While INK Canadian Insider Index
        member Dream Unlimited is not a REIT,
        it focuses primarily on
        property management and development.
        It is also a major shareholder in
        fellow index member Dream Office REIT.
        Dream is up a relatively strong 4.9% since
        we last featured it here on
        October 2nd last year.
        At the time, we noted
        that the company would be using
        a recent windfall to buy back shares,
        and indeed that is what they have been doing.
        So far in Q3, Dream has bought back
        1.19 million subordinate voting
        shares at an average price of $17.86.
        On the development front, in
        July Dream announced that
        it had broken ground
        on the $2.5-billion Alpine
        Park mixed-use project in Calgary
        which 10,000 residents are expected to
        eventually call home over the next 15 years.
        Meanwhile, Dream CEO Michael Cooper has
        proven himself once again
        to be a skillful operator,
        having bought the stock the day before
        Dream set its 52-week low on March 19th.
        The stock has continued to build on
        momentum over the past few months,
        closing above its 200-day
        moving average on Monday and
        emerging as the top INK
        Edge-ranked Real Estate stock.
        Get our full report via INKResearch.com or
        the Canadian Insider Club at
        CanadianInsider.com.
        This report is not
        a recommendation to buy or sell securities.