Desjardins Downgrades Dream Global REIT (DRG.UN) to Hold

Dream Global REIT (TSE:DRG.UN) was downgraded by investment analysts at Desjardins from a “buy” rating to a “hold” rating in a report released on Monday. They presently have a C$11.75 price objective on the stock, up from their previous price objective of C$11.50. Desjardins’ price objective suggests a potential upside of 2.89% from the company’s previous close.

A number of other brokerages have also recently commented on DRG.UN. Scotiabank upped their price target on shares of Dream Global REIT from C$11.00 to C$11.25 and gave the company a “sector perform” rating in a research report on Monday, July 31st. TD Securities upped 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. Royal Bank Of Canada upped their price target on shares of Dream Global REIT from C$11.00 to C$12.00 in a research report on Monday. Canaccord Genuity upped their price target on shares of Dream Global REIT from C$11.50 to C$12.00 in a research report on Monday. Finally, National Bank Financial upped their price target on shares of 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$11.61.

Shares of Dream Global REIT (TSE DRG.UN) opened at C$11.42 on Monday. Dream Global REIT has a one year low of C$8.85 and a one year high of C$11.74.

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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.

Analyst Recommendations for Dream Global REIT (TSE:DRG.UN)

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