Dream Global REIT (DRG.UN) Receives Average Recommendation of “Buy” from Analysts
Dream Global REIT (TSE:DRG.UN) has been given an average rating of “Buy” by the five analysts that are currently covering the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$9.76.
A number of research analysts have weighed in on the company. TD Securities raised their price objective on Dream Global REIT from C$10.50 to C$11.00 and gave the company a “buy” rating in a report on Tuesday. CIBC raised their price objective on Dream Global REIT from C$9.00 to C$9.30 in a report on Thursday. National Bank Financial restated an “outperform” rating and issued a C$9.75 price objective on shares of Dream Global REIT in a report on Monday, August 8th. Finally, Scotiabank restated a “sector perform” rating and issued a C$9.25 price objective on shares of Dream Global REIT in a report on Monday, August 15th.
The business also recently declared a monthly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th were issued 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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