Canaccord Genuity Issues a Buy Rating on Dream Office REIT

By Ryan Adsit

Dream Office REIT (TSX: D.UN), the Financial sector company, has received a rating update from a Wall Street analyst today. Analyst Mark Rothschild from Canaccord Genuity rated Dream Office REIT (TSX: D.UN) a Buy, setting a C$26.25 price target.

According to TipRanks.com, Rothschild is a 5-star analyst with an average return of 9.2% and a 79.1% success rate. Rothschild covers the Financial sector, focusing on stocks such as Brookfield Property Partners, Brookfield Asset Mng, and Essex Property Trust.

Currently, the analyst consensus on Dream Office REIT is Moderate Buy and the average price target is C$23, representing an 8.2% upside.

In a report issued on November 10, TD Securities also reiterated a Buy rating on the stock with a C$24 price target.

The company has a one-year high of C$22.25 and a one-year low of C$16.55. Currently, Dream Office REIT has an average volume of 310.3K.

Dream Office Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. It is focused on owning, acquiring, leasing and managing quality central business district and suburban office properties. The company was founded on May 9, 2003 and is headquartered in Toronto, Canada.

The company’s shares closed on Friday at C$21.26.