Dream Office Real Estate Investment Trst (D.UN) Receives Consensus Recommendation of “Hold” from Analysts
Dream Office Real Estate Investment Trst (TSE:D.UN) has earned an average recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$25.09.
Several research firms have recently issued reports on D.UN. BMO Capital Markets reiterated a “market perform” rating and set a C$24.00 price target on shares of Dream Office Real Estate Investment Trst in a research note on Tuesday, July 31st. Desjardins upgraded Dream Office Real Estate Investment Trst from a “hold” rating to a “buy” rating and upped their price target for the stock from C$25.00 to C$27.00 in a research note on Monday, August 13th.
Shares of D.UN traded up C$0.17 during trading hours on Friday, hitting C$23.41. 42,748 shares of the company were exchanged, compared to its average volume of 162,381. Dream Office Real Estate Investment Trst has a 52 week low of C$18.12 and a 52 week high of C$23.04.
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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