Dream Global REIT (DRG.UN) Given Average Recommendation of “Buy” by Brokerages
Dream Global REIT (TSE:DRG.UN) has earned an average recommendation of “Buy” from the five brokerages that are presently covering the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$9.60.
A number of research analysts have commented on the company. National Bank Financial reaffirmed an “outperform” rating and set a C$9.75 price target on shares of Dream Global REIT in a research report on Monday, August 8th. TD Securities upped their price target on Dream Global REIT from C$10.00 to C$10.50 and gave the company a “buy” rating in a research report on Monday, August 15th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$9.25 price target on shares of Dream Global REIT in a research report on Monday, August 15th.
The business also recently announced a monthly dividend, which will be paid on Saturday, October 15th. Investors of record on Saturday, October 15th will be issued a $0.0667 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of Infinity.
Dream Global REIT Company Profile
Dream Global REIT is an, open-ended real estate investment trust. The Company provides investors with the opportunity to invest in real estate exclusively outside of Canada. Its objectives are to manage its investments to provide cash flows through investments in commercial real estate located outside of Canada, building a diversified, growth-oriented portfolio of commercial properties, capitalizing on internal growth and seeking accretive acquisition opportunities in its target markets, growing the value of its assets and maximizing the long-term value of its units through the management of its assets and providing predictable and growing cash distributions per unit, on a tax-efficient basis.
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