Dream Global REIT (TSE:DRG.UN) had its price target hoisted by National Bank Financial from C$12.25 to C$12.75 in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 5.37% from the stock’s current price.
A number of other equities research analysts have also recently commented on DRG.UN. Desjardins cut shares of Dream Global REIT from a “buy” rating to a “hold” rating and raised their price target for the stock from C$11.50 to C$11.75 in a report on Monday, November 13th. Canaccord Genuity lifted their price objective on shares of Dream Global REIT from C$11.50 to C$12.00 in a research report on Monday, November 13th. TD Securities boosted their price target on shares of 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, Royal Bank of Canada boosted their price target on shares of Dream Global REIT from C$11.00 to C$12.00 in a research report on Monday, November 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$11.68.
Dream Global REIT (TSE DRG.UN) traded up C$0.05 on Tuesday, hitting C$12.10. 1,180,000 shares of the stock traded hands, compared to its average volume of 425,651. Dream Global REIT has a 52 week low of C$9.46 and a 52 week high of C$12.49. The firm has a market capitalization of $2,130.00, a PE ratio of 8.96 and a beta of 0.39.
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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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