Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Given Consensus Recommendation of “Hold” by Analysts
Dream Office Real Estate Investment Trust (OTCMKTS:DRETF – Get Rating) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued a report on the stock in the last year is $28.03.
DRETF has been the topic of a number of recent research reports. Desjardins dropped their price target on Dream Office Real Estate Investment Trust from C$28.00 to C$27.00 in a research report on Tuesday, May 10th. Scotiabank dropped their price objective on Dream Office Real Estate Investment Trust from C$26.50 to C$26.25 in a report on Monday, May 9th. TD Securities dropped their price objective on Dream Office Real Estate Investment Trust from C$33.00 to C$32.00 in a report on Monday, May 9th. Canaccord Genuity Group cut Dream Office Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. Finally, Royal Bank of Canada dropped their price objective on Dream Office Real Estate Investment Trust from C$27.00 to C$26.00 in a report on Monday, May 9th.
Shares of OTCMKTS DRETF opened at $14.87 on Friday. Dream Office Real Estate Investment Trust has a one year low of $14.00 and a one year high of $23.72. The business’s fifty-day moving average price is $17.11 and its 200-day moving average price is $19.41.
The firm also recently announced a dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a $0.0637 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a yield of 5.06%.
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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