Royal Bank Of Canada Boosts Dream Global REIT (DRG.UN) Price Target to C$12.00

Dream Global REIT (TSE:DRG.UN) had its target price lifted by Royal Bank Of Canada from C$11.00 to C$12.00 in a research note issued to investors on Monday morning.

DRG.UN has been the topic of a number of other research reports. Eight Capital upgraded shares of Dream Global REIT from a neutral rating to a buy rating in a research report on Friday, July 21st. National Bank Financial restated an outperform rating and set a C$12.00 target price on shares of Dream Global REIT in a research report on Monday, July 31st. Canaccord Genuity increased their target price on shares of Dream Global REIT from C$11.50 to C$12.00 in a research report on Monday. TD Securities increased their target price on shares of Dream Global REIT from C$12.00 to C$12.50 and gave the stock a buy rating in a research report on Friday, November 10th. Finally, Scotiabank increased their target price on shares of Dream Global REIT from C$11.00 to C$11.25 and gave the stock a sector perform rating in a research report on Monday, July 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Dream Global REIT currently has a consensus rating of Buy and an average price target of C$11.61.

Dream Global REIT (DRG.UN) opened at C$11.41 on Monday. Dream Global REIT has a 52-week low of C$9.03 and a 52-week high of C$11.74.

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The company also recently declared a monthly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.0667 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date of this dividend was Monday, October 30th.

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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