Dream Global REIT (DRG.UN) Given Average Rating of “Buy” by Brokerages

Dream Global REIT (TSE:DRG.UN) has earned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$11.46.

A number of analysts have commented on DRG.UN shares. Royal Bank of Canada boosted their price target on shares of Dream Global REIT from C$11.00 to C$12.00 in a report on Monday, November 13th. Canaccord Genuity boosted their price target on shares of Dream Global REIT from C$11.50 to C$12.00 in a report on Monday, November 13th. TD Securities boosted their price target on shares of Dream Global REIT from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Friday, November 10th. Desjardins lowered shares of Dream Global REIT from a “buy” rating to a “hold” rating and boosted their price target for the company from C$11.50 to C$11.75 in a report on Monday, November 13th. Finally, National Bank Financial boosted their price target on shares of Dream Global REIT from C$12.00 to C$12.25 and gave the company an “outperform” rating in a report on Thursday, November 9th.

Dream Global REIT (DRG.UN) traded down C$0.12 during mid-day trading on Tuesday, reaching C$11.93. 321,091 shares of the company traded hands, compared to its average volume of 373,179. Dream Global REIT has a 1 year low of C$9.46 and a 1 year high of C$12.49. The company has a market cap of $2,100.00, a PE ratio of 8.84 and a beta of 0.39.

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.0667 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.80 annualized dividend and a yield of 6.71%.

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About Dream Global REIT

Dream Global REIT is an open-ended real estate investment trust (REIT). The Trust is an owner and operator of approximately 10 million square feet of office and mixed-use space in Germany and Austria. The Company allows investors to invest in commercial real estate outside of Canada. The Company’s portfolio consists of approximately 170 properties, including properties located in Germany and Austria.

Analyst Recommendations for Dream Global REIT (TSE:DRG.UN)

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