CIBC Raises Dream Global REIT (DRG.UN) Price Target to C$9.30
Dream Global REIT (TSE:DRG.UN) had its price objective lifted by research analysts at CIBC from C$9.00 to C$9.30 in a research note issued on Thursday.
DRG.UN has been the topic of several other reports. Scotiabank restated a “sector perform” rating and set a C$9.25 target price on shares of Dream Global REIT in a report on Monday, August 15th. TD Securities restated a “buy” rating and set a C$10.00 target price on shares of Dream Global REIT in a report on Monday, August 8th. Finally, National Bank Financial restated an “outperform” rating and set a C$9.75 target price on shares of Dream Global REIT in a report on Monday, August 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$9.76.
The firm also recently declared a monthly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th were paid a dividend of $0.0667 per share. The ex-dividend date was Thursday, October 27th. This represents a $0.80 annualized dividend and a dividend yield of Infinity.
About Dream Global REIT
Dream Global Real Estate Investment Trust (Dream Global REIT) is an open-ended real estate investment trust. The Trust provides investors with the opportunity to invest in real estate exclusively outside of Canada. Dream Global REIT’s portfolio comprises office, industrial and mixed-use properties located in Germany and Austria.
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