Dream Office Real Estate Investment Trst (D.UN) Given Consensus Rating of “Hold” by Brokerages
Dream Office Real Estate Investment Trst (TSE:D.UN) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$19.11.
D.UN has been the topic of a number of recent analyst reports. TD Securities lifted their price target on Dream Office Real Estate Investment Trst from C$17.50 to C$18.50 and gave the company a “hold” rating in a report on Friday, May 5th. Scotiabank reaffirmed a “sector perform” rating and set a C$19.50 price target on shares of Dream Office Real Estate Investment Trst in a report on Friday, February 24th. Finally, CIBC lifted their price target on Dream Office Real Estate Investment Trst from C$16.75 to C$18.00 in a report on Monday, February 27th.
The company also recently announced a monthly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 15th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 29th. This represents a $1.50 annualized dividend and a yield of Infinity.
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Dream Office Real Estate Investment Trst Company Profile
Dream Office Real Estate Investment Trust (the Trust), formerly Dundee Real Estate Investment Trust, is a Canada-based open-ended investment trust. The Trust’s segments include Western Canada, Calgary downtown, Calgary suburban, Toronto downtown, Toronto suburban, Eastern Canada and Other. It is engaged in building and maintaining a diversified portfolio of office properties in Canada, based on an established platform, and providing cash distributions to unitholders and managing distributions over time.
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