Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Receives Average Rating of “Hold” from Brokerages

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Dream Office Real Estate Investment Trust (OTCMKTS:DRETFGet Rating) has been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $28.03.

A number of brokerages have commented on DRETF. Canaccord Genuity Group cut Dream Office Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. CIBC upped their price objective on Dream Office Real Estate Investment Trust from C$27.25 to C$31.50 in a research note on Monday, March 14th. TD Securities dropped their price objective on Dream Office Real Estate Investment Trust from C$33.00 to C$32.00 in a research note on Monday, May 9th. Scotiabank dropped their price objective on Dream Office Real Estate Investment Trust from C$26.50 to C$26.25 in a research note on Monday, May 9th. Finally, Desjardins dropped their price objective on Dream Office Real Estate Investment Trust from C$28.00 to C$27.00 in a research note on Tuesday, May 10th.

Shares of DRETF opened at $18.28 on Monday. The business has a 50-day simple moving average of $19.70 and a two-hundred day simple moving average of $19.82. Dream Office Real Estate Investment Trust has a 52 week low of $16.00 and a 52 week high of $23.72.

The business also recently disclosed a dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Monday, May 30th will be paid a $0.0652 dividend. This represents a dividend yield of 4.27%. The ex-dividend date is Friday, May 27th.

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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