Dream Global REIT (TSE:DRG.UN) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$11.99 and last traded at C$11.93, with a volume of 358163 shares changing hands. The stock had previously closed at C$11.83.

DRG.UN has been the subject of a number of research reports. Desjardins downgraded Dream Global REIT from a “buy” rating to a “hold” rating and increased their target price for the company from C$11.50 to C$11.75 in a research report on Monday, November 13th. Royal Bank Of Canada increased their target price on Dream Global REIT from C$11.00 to C$12.00 in a research report on Monday, November 13th. Canaccord Genuity increased their target price on Dream Global REIT from C$11.50 to C$12.00 in a research report on Monday, November 13th. TD Securities increased their target price on Dream Global REIT from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, National Bank Financial increased their target price on Dream Global REIT from C$12.00 to C$12.25 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of C$11.61.

The company also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 15th will be given a dividend of $0.0667 per share. This represents a $0.80 annualized dividend and a dividend yield of 6.71%. The ex-dividend date is Wednesday, November 29th.

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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.

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