Desjardins Trims Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Target Price to C$27.00

Dream Office Real Estate Investment Trust (OTCMKTS:DRETF – Get Rating) had its price objective reduced by investment analysts at Desjardins from C$28.00 to C$27.00 in a research note issued to investors on Tuesday, The Fly reports.

Several other equities analysts have also recently weighed in on the company. TD Securities cut their price objective on Dream Office Real Estate Investment Trust from C$33.00 to C$32.00 in a research report on Monday. Scotiabank cut their price objective on Dream Office Real Estate Investment Trust from C$26.50 to C$26.25 in a research report on Monday. BMO Capital Markets upped their price target on Dream Office Real Estate Investment Trust from C$25.50 to C$27.50 in a report on Tuesday, February 22nd. CIBC upped their price target on Dream Office Real Estate Investment Trust from C$27.25 to C$31.50 in a report on Monday, March 14th. Finally, National Bankshares cut Dream Office Real Estate Investment Trust to a “hold” rating and set a $27.00 price target for the company. in a report on Monday, January 17th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Dream Office Real Estate Investment Trust currently has an average rating of “Hold” and a consensus target price of $28.03.

OTCMKTS DRETF traded down $1.05 on Tuesday, reaching $17.38. The stock had a trading volume of 736 shares, compared to its average volume of 615. The business had a 50 day moving average price of $21.78 and a 200 day moving average price of $19.99. Dream Office Real Estate Investment Trust has a 1 year low of $16.00 and a 1 year high of $23.72.

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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