Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Given Consensus Rating of “Hold” by Brokerages
Dream Office Real Estate Investment Trust (OTCMKTS:DRETF – Get Rating) has been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation. The average 12 month price target among analysts that have covered the stock in the last year is $28.31.
A number of brokerages have recently issued reports on DRETF. CIBC boosted their target price on Dream Office Real Estate Investment Trust from C$27.25 to C$31.50 in a report on Monday, March 14th. TD Securities increased their target price on shares of Dream Office Real Estate Investment Trust from C$29.00 to C$33.00 in a research report on Tuesday, March 22nd. Scotiabank increased their target price on shares of Dream Office Real Estate Investment Trust from C$25.50 to C$26.50 in a research report on Tuesday, February 22nd. National Bank Financial downgraded shares of Dream Office Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $26.00 to $27.00 in a research report on Monday, January 17th. Finally, Desjardins increased their target price on shares of Dream Office Real Estate Investment Trust from C$27.00 to C$28.00 in a research report on Wednesday, February 23rd.
DRETF opened at $21.81 on Friday. The business has a 50-day moving average of $21.79 and a two-hundred day moving average of $19.90. Dream Office Real Estate Investment Trust has a 12 month low of $16.00 and a 12 month high of $23.72.
The company also recently disclosed a dividend, which will be paid on Friday, May 13th. Shareholders of record on Friday, April 29th will be given a $0.0667 dividend. This is an increase from Dream Office Real Estate Investment Trust’s previous dividend of $0.07. The ex-dividend date is Thursday, April 28th. This represents a yield of 3.67%.
About Dream Office Real Estate Investment Trust (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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