Dream Office Real Estate Investment Trst (D.UN) Stock Price Down 4.7%

Shares of Dream Office Real Estate Investment Trst (TSE:D.UN) dropped 4.7% during mid-day trading on Thursday . The stock traded as low as C$21.36 and last traded at C$21.43. Approximately 296,062 shares changed hands during mid-day trading, an increase of 79% from the average daily volume of 165,704 shares. The stock had previously closed at C$22.49.

D.UN has been the topic of several recent research reports. Canaccord Genuity raised Dream Office Real Estate Investment Trst from a “hold” rating to a “buy” rating and lifted their price target for the company from C$21.50 to C$26.25 in a research note on Tuesday, October 31st. Scotiabank lifted their price target on Dream Office Real Estate Investment Trst from C$20.75 to C$22.25 and gave the company a “sector perform” rating in a research note on Tuesday, November 14th. Royal Bank of Canada lifted their price target on Dream Office Real Estate Investment Trst from C$21.00 to C$22.00 in a research note on Monday, November 13th. TD Securities downgraded Dream Office Real Estate Investment Trst from a “buy” rating to a “hold” rating and set a C$24.00 price target on the stock. in a research note on Thursday. Finally, Desjardins lifted their price target on Dream Office Real Estate Investment Trst from C$21.00 to C$22.50 in a research note on Tuesday, November 14th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$22.43.

The business also recently announced a monthly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 15th were given a $0.0833 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date was Wednesday, November 29th.

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About Dream Office Real Estate Investment Trst

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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