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

Shares of Dream Office Real Estate Investment Trust (OTCMKTS:DRETFGet Rating) have been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $27.03.

Several equities research analysts have recently issued reports on the stock. National Bank Financial lowered their target price on shares of Dream Office Real Estate Investment Trust from C$27.00 to C$19.00 in a research note on Wednesday, July 20th. Royal Bank of Canada lowered their target price on shares of Dream Office Real Estate Investment Trust from C$27.00 to C$26.00 in a research note on Monday, May 9th. Scotiabank decreased their target price on Dream Office Real Estate Investment Trust from C$26.50 to C$26.25 in a research report on Monday, May 9th. Desjardins decreased their target price on Dream Office Real Estate Investment Trust from C$28.00 to C$27.00 in a research report on Tuesday, May 10th. Finally, TD Securities decreased their target price on Dream Office Real Estate Investment Trust from C$33.00 to C$32.00 in a research report on Monday, May 9th.

Dream Office Real Estate Investment Trust Stock Down 3.0 %

OTCMKTS:DRETF opened at $14.00 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 firm’s fifty day moving average is $15.05 and its two-hundred day moving average is $18.31.

Dream Office Real Estate Investment Trust Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be given a $0.0645 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a yield of 5.16%.

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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Analyst Recommendations for Dream Office Real Estate Investment Trust (OTCMKTS:DRETF)

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