Canaccord Genuity upgraded shares of Dream Office Real Estate Investment Trst (TSE:D.UN) from a hold rating to a buy rating in a research note published on Tuesday. The brokerage currently has C$26.25 price objective on the real estate investment trust’s stock, up from their prior price objective of C$21.50.
A number of other brokerages have also weighed in on D.UN. National Bank Financial lowered shares of Dream Office Real Estate Investment Trst from an outperform rating to a sector perform rating and set a C$22.00 target price for the company. in a research note on Wednesday, October 4th. Scotiabank boosted their target price on shares of Dream Office Real Estate Investment Trst from C$20.50 to C$20.75 and gave the company a sector perform rating in a research note on Monday, August 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Dream Office Real Estate Investment Trst presently has an average rating of Hold and an average price target of C$21.83.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.0833 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Monday, October 30th.
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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