Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Upgraded to “Buy” at Cormark

Cormark upgraded shares of Dream Office Real Estate Investment Trust (OTCMKTS:DRETF – Get Rating) from a market perform rating to a buy rating in a research note published on Thursday morning, The Fly reports.

Several other equities analysts have also recently weighed in on the company. Scotiabank dropped their price objective on Dream Office Real Estate Investment Trust from C$19.50 to C$18.00 in a report on Wednesday. TD Securities increased their price objective on shares of Dream Office Real Estate Investment Trust from C$18.00 to C$19.50 in a research note on Tuesday, February 21st. CIBC cut shares of Dream Office Real Estate Investment Trust from an outperform rating to a neutral rating in a research report on Thursday, April 13th. National Bank Financial lowered shares of Dream Office Real Estate Investment Trust from an outperform rating to a sector perform rating in a research report on Thursday. Finally, Desjardins assumed coverage on shares of Dream Office Real Estate Investment Trust in a research report on Wednesday. They set a hold rating for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $18.42.

Dream Office Real Estate Investment Trust Stock Performance

OTCMKTS DRETF opened at $10.59 on Thursday. The company has a 50 day moving average of $10.42 and a 200-day moving average of $11.26. Dream Office Real Estate Investment Trust has a 1-year low of $9.34 and a 1-year high of $18.33.

Dream Office Real Estate Investment Trust Company Profile

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Dream Office Real Estate Investment Trust engages in owning, acquiring, leasing and managing central business district and suburban office properties. It operates through the following segments: Calgary, Toronto Downtown, Mississauga and North York, Ottawa and Montreal and Other Markets. The company was founded on May 9, 2003 and is headquartered in Toronto, Canada.