TD Securities Cuts Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Price Target to C$32.00

Dream Office Real Estate Investment Trust (OTCMKTS:DRETF – Get Rating) had its target price reduced by equities research analysts at TD Securities from C$33.00 to C$32.00 in a research report issued on Monday, The Fly reports.

Several other analysts have also recently commented on DRETF. National Bank Financial cut Dream Office Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $26.00 to $27.00 in a research report on Monday, January 17th. Desjardins upped their target price on Dream Office Real Estate Investment Trust from C$27.00 to C$28.00 in a report on Wednesday, February 23rd. BMO Capital Markets upped their target price on Dream Office Real Estate Investment Trust from C$25.50 to C$27.50 in a report on Tuesday, February 22nd. CIBC increased their price target on Dream Office Real Estate Investment Trust from C$27.25 to C$31.50 in a report on Monday, March 14th. Finally, Scotiabank increased their price target on Dream Office Real Estate Investment Trust from C$25.50 to C$26.50 in a report on Tuesday, February 22nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.16.

Shares of DRETF traded down $1.12 during trading hours on Monday, hitting $18.43. 300 shares of the stock were exchanged, compared to its average volume of 612. Dream Office Real Estate Investment Trust has a 12-month low of $16.00 and a 12-month high of $23.72. The stock’s 50-day moving average price is $21.84 and its two-hundred day moving average price is $20.00.

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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