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

Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) has been given a consensus recommendation of “Buy” by the eight research firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $24.82.

A number of equities research analysts have recently issued reports on the stock. Desjardins boosted their price target on shares of Dream Office Real Estate Investment Trust from $22.00 to $23.50 and gave the company a “hold” rating in a research note on Tuesday, May 11th. Royal Bank of Canada reduced their price target on shares of Dream Office Real Estate Investment Trust from $25.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 23rd. Finally, National Bank Financial reissued an “outperform” rating on shares of Dream Office Real Estate Investment Trust in a research note on Tuesday, May 11th.

Shares of Dream Office Real Estate Investment Trust stock remained flat at $$18.40 on Thursday. The company’s 50-day simple moving average is $17.48. Dream Office Real Estate Investment Trust has a one year low of $12.95 and a one year high of $18.40.

The firm also recently announced a dividend, which will be paid on Tuesday, June 15th. Investors of record on Monday, May 31st will be paid a dividend of $0.8243 per share. This is an increase from Dream Office Real Estate Investment Trust’s previous dividend of $0.79. This represents a yield of 4.57%. The ex-dividend date of this dividend is Friday, May 28th.

About Dream Office Real Estate Investment Trust

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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