Dream Global REIT (TSE:DRG.UN) had its price target hoisted by CIBC from C$26.00 to C$27.00 in a research note released on Monday, BayStreet.CA reports.
Separately, National Bank Financial increased their price target on Dream Global REIT from C$16.00 to C$17.00 and gave the company an outperform rating in a report on Friday, May 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Dream Global REIT currently has an average rating of Buy and a consensus price target of C$18.00.
TSE:DRG.UN opened at C$14.24 on Monday. The stock’s fifty day moving average is C$14.09 and its 200 day moving average is C$13.80. Dream Global REIT has a fifty-two week low of C$11.58 and a fifty-two week high of C$15.44. The firm has a market capitalization of $2.75 billion and a PE ratio of 4.76. The company has a debt-to-equity ratio of 74.83, a quick ratio of 0.24 and a current ratio of 0.70.
Dream Global REIT is a real estate investment trust that provides investors with the opportunity to invest in commercial real estate exclusively outside of Canada. Dream Global REIT's portfolio currently consists of approximately 19.9 million square feet of gross leasable area of office, industrial and mixed-use properties across Germany, the Netherlands, Austria and Belgium.
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