Dream Office Real Estate Investment Trust (OTCMKTS:DRETF) announced a dividend on Wednesday, April 21st, investing.com reports. Stockholders of record on Friday, April 30th will be paid a dividend of 0.7932 per share on Friday, May 14th. This represents a dividend yield of 4.63%. The ex-dividend date is Thursday, April 29th.
Shares of DRETF stock opened at $16.72 on Friday. The stock has a fifty day simple moving average of $16.85. Dream Office Real Estate Investment Trust has a 12 month low of $12.95 and a 12 month high of $17.20.
Separately, Royal Bank of Canada dropped their price target on shares of Dream Office Real Estate Investment Trust from $25.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 23rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Dream Office Real Estate Investment Trust currently has a consensus rating of “Buy” and an average target price of $24.89.
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT owns well-located, high-quality office properties, primarily in downtown Toronto.
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