Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) Receives $19.00 Consensus Target Price from Brokerages

Dream Office Real Estate Investment Trust (OTCMKTS:DRETF – Get Rating) has received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.50.

Several brokerages have recently weighed in on DRETF. Desjardins began coverage on shares of Dream Office Real Estate Investment Trust in a report on Wednesday. They set a “hold” rating on the stock. TD Securities raised their price target on shares of Dream Office Real Estate Investment Trust from C$18.00 to C$19.50 in a report on Tuesday, February 21st. Royal Bank of Canada cut their price target on shares of Dream Office Real Estate Investment Trust from C$18.00 to C$17.00 in a report on Thursday. National Bank Financial lowered shares of Dream Office Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a report on Thursday. Finally, Cormark upgraded shares of Dream Office Real Estate Investment Trust from a “market perform” rating to a “buy” rating in a report on Thursday.

Dream Office Real Estate Investment Trust Stock Up 1.6 %

Dream Office Real Estate Investment Trust stock opened at $10.76 on Thursday. Dream Office Real Estate Investment Trust has a 12-month low of $9.34 and a 12-month high of $18.28. The firm’s 50-day moving average is $10.40 and its two-hundred day moving average is $11.25.

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.