Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Increases Dividend to $0.07 Per Share
Dream Office Real Estate Investment Trust (OTCMKTS:DRETF – Get Rating) declared a dividend on Saturday, April 23rd, investing.com reports. Shareholders of record on Friday, April 29th will be given a dividend of 0.0667 per share on Friday, May 13th. This represents a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, April 28th. This is a boost from Dream Office Real Estate Investment Trust’s previous dividend of $0.07.
DRETF opened at $21.81 on Friday. The firm has a 50-day simple moving average of $21.79 and a two-hundred day simple moving average of $19.89. Dream Office Real Estate Investment Trust has a 52 week low of $16.00 and a 52 week high of $23.72.
A number of research analysts recently commented on DRETF shares. CIBC increased their price target on shares of Dream Office Real Estate Investment Trust from C$27.25 to C$31.50 in a report on Monday, March 14th. National Bank Financial downgraded shares of Dream Office Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $26.00 to $27.00 in a report on Monday, January 17th. Desjardins increased their price target on shares of Dream Office Real Estate Investment Trust from C$27.00 to C$28.00 in a report on Wednesday, February 23rd. TD Securities increased their price target on shares of Dream Office Real Estate Investment Trust from C$29.00 to C$33.00 in a report on Tuesday, March 22nd. Finally, Canaccord Genuity Group downgraded shares of Dream Office Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Dream Office Real Estate Investment Trust currently has an average rating of “Hold” and a consensus price target of $28.31.
Dream Office Real Estate Investment Trust Company Profile (Get Rating)
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT owns well-located, high-quality office properties, primarily in downtown Toronto.
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