Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) have been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $24.82.

A number of research firms recently weighed in on DRETF. National Bank Financial reissued an “outperform” rating on shares of Dream Office Real Estate Investment Trust in a research report on Tuesday, May 11th. Royal Bank of Canada reduced their price objective 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 report on Tuesday, February 23rd. Finally, Desjardins increased their price objective on shares of Dream Office Real Estate Investment Trust from $22.00 to $23.50 and gave the stock a “hold” rating in a research report on Tuesday, May 11th.

Shares of OTCMKTS DRETF remained flat at $$18.40 during mid-day trading on Thursday. The firm’s 50-day moving average price is $17.48. Dream Office Real Estate Investment Trust has a 1 year low of $12.95 and a 1 year high of $18.40.

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

Dream Office Real Estate Investment Trust Company Profile

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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