Dream Global REIT (DRG.UN) Given Average Rating of “Buy” by Brokerages
Dream Global REIT (TSE:DRG.UN) has been assigned a consensus rating of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$10.88.
A number of equities research analysts have recently issued reports on the company. Scotiabank upped their price objective on Dream Global REIT from C$11.00 to C$11.25 and gave the stock a “sector perform” rating in a research note on Monday, July 31st. Royal Bank Of Canada reissued an “outperform” rating and issued a C$11.00 target price on shares of Dream Global REIT in a research note on Thursday, June 8th. National Bank Financial restated an “outperform” rating and set a C$12.00 target price on shares of Dream Global REIT in a report on Monday, July 31st. TD Securities boosted their target price 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 raised shares of Dream Global REIT from a “neutral” rating to a “buy” rating in a research report on Friday, July 21st.
The firm also recently disclosed a monthly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Sunday, October 15th will be given a $0.0667 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of Infinity.
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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