Dream Office Real Estate Investment (DRETF) Receives a Hold from RBC Capital
In a report released today, Pammi Bir from RBC Capital maintained a Hold rating on Dream Office Real Estate Investment (DRETF), with a price target of C$35.00. The company’s shares closed last Monday at $27.26, equals to its 52-week high of $27.26.
According to TipRanks.com, Bir is ranked #866 out of 5951 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dream Office Real Estate Investment with a $25.98 average price target, implying a -4.7% downside from current levels. In a report issued on February 23, CIBC also reiterated a Hold rating on the stock with a C$38.00 price target.
See today’s analyst top recommended stocks >>
Based on Dream Office Real Estate Investment’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $47.87 million. In comparison, last year the company had a net profit of $44.29 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Dream Office Real Estate Investment Trust engages in owning, acquiring, leasing, and managing central business district and suburban office properties. It operates through the following segments: Calgary, Toronto Downtown, Mississauga and North York, Ottawa and Montreal, and Other Markets.