Dream Office Real Estate Investment Trust Announces $0.07 Dividend (OTCMKTS:DRETF)


Dream Office Real Estate Investment Trust (OTCMKTS:DRETF – Get Rating) announced a dividend on Wednesday, May 25, investing.com reports. Shareholders of record on Monday, May 30 will receive a dividend of 0.0652 per share on Wednesday, June 15. This corresponds to a yield of 4.27%. The ex-dividend date of this dividend is Friday May 27th.

DRETF shares were unchanged at $18.32 during midday trade on Wednesday. The company’s shares had a trading volume of 3 shares compared to an average volume of 618. The company’s 50-day simple moving average is $20.97 and its 200-day simple moving average is $19.90. Dream Office Real Estate Investment Trust has a yearly low of $16.00 and a yearly high of $23.72.

Several research companies have issued reports on DRETF. TD Securities lowered its price target on Dream Office Real Estate Investment Trust to $32.00 from $33.00 in a research note on Monday, May 9. Canaccord Genuity Group lowered its Dream Office Real Estate Investment Trust on Wednesday 6th February. BMO Capital Markets revised its price target on Dream Office Real Estate Investment Trust to 25.50C in a research report on Tuesday 22nd February $ raised to C$27.50. Scotiabank lowered its target price on the Dream Office Real Estate Investment Trust to C$26.25 from C$26.50 in a research report on Monday, May 9. Finally, on Tuesday, May 10, Desjardins lowered its price target on Dream Office Real Estate Investment Trust to $27.00 from $28.00 in a research report. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $28.03.

Company Profile of Dream Office Real Estate Investment Trust (get rating)

Dream Office REIT is an unincorporated, open-ended real estate fund. Dream Office REIT owns well-located, quality office properties primarily in downtown Toronto.

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Dividend History for Dream Office Real Estate Investment Trust (OTCMKTS:DRETF)



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