Dream Global REIT (DRG.UN) Given Average Recommendation of “Buy” by Analysts
Dream Global REIT (TSE:DRG.UN) has received a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$10.88.
DRG.UN has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a C$11.00 price objective on shares of Dream Global REIT in a report on Thursday, June 8th. Scotiabank boosted their price objective on shares of Dream Global REIT from C$11.00 to C$11.25 and gave the stock a “sector perform” rating in a report on Monday, July 31st. National Bank Financial restated an “outperform” rating and issued a C$12.00 price objective on shares of Dream Global REIT in a report on Monday, July 31st. TD Securities boosted their price objective on shares of Dream Global REIT from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Thursday, June 29th. Finally, Eight Capital upgraded shares of Dream Global REIT from a “neutral” rating to a “buy” rating in a report on Friday, July 21st.
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The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 15th will be paid a $0.0667 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.80 annualized dividend and a dividend yield of Infinity.
Dream Global REIT Company Profile
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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