Scotiabank Remains a Hold on Dream Office REIT

By Carrie Williams

Dream Office REIT (TSX: D.UN), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Mario Saric from Scotiabank reiterated a Hold rating, with a C$22.25 price target.

According to TipRanks.com, Saric is ranked #1197 out of 4706 analysts.

Currently, the analyst consensus on Dream Office REIT is Moderate Buy and the average price target is C$23.38, representing a 9.8% upside.

In a report issued on November 9, RBC Capital also reiterated a Hold rating on the stock with a C$21 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 306.6K.

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 Monday at C$21.29.