Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Given Average Rating of “Hold” by Analysts

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Dream Office Real Estate Investment Trust (OTCMKTS:DRETFGet Rating) has earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation. The average 12-month price target among analysts that have issued a report on the stock in the last year is $27.03.

Several research firms recently commented on DRETF. Canaccord Genuity Group lowered shares of Dream Office Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. Royal Bank of Canada cut their price objective on shares of Dream Office Real Estate Investment Trust from C$27.00 to C$26.00 in a report on Monday, May 9th. Desjardins cut their price objective on shares of Dream Office Real Estate Investment Trust from C$28.00 to C$27.00 in a report on Tuesday, May 10th. National Bank Financial cut their price objective on shares of Dream Office Real Estate Investment Trust from C$27.00 to C$19.00 in a report on Wednesday, July 20th. Finally, TD Securities cut their price objective on shares of Dream Office Real Estate Investment Trust from C$33.00 to C$32.00 in a report on Monday, May 9th.

Dream Office Real Estate Investment Trust Price Performance

Shares of DRETF opened at $15.95 on Tuesday. The company’s fifty day moving average is $15.93 and its two-hundred day moving average is $18.96. Dream Office Real Estate Investment Trust has a 1 year low of $14.00 and a 1 year high of $23.72.

Dream Office Real Estate Investment Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 29th will be given a $0.0647 dividend. This is an increase from Dream Office Real Estate Investment Trust’s previous dividend of $0.06. The ex-dividend date is Thursday, July 28th. This represents a yield of 5.24%.

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.

Further Reading

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