Dream Global REIT (DRG.UN) Hits New 12-Month High at $11.79
Dream Global REIT (TSE:DRG.UN)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$11.79 and last traded at C$11.75, with a volume of 203433 shares traded. The stock had previously closed at C$11.59.
Several research firms recently weighed in on DRG.UN. National Bank Financial increased their target price on Dream Global REIT from C$12.00 to C$12.25 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. TD Securities increased their target price on 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. Desjardins downgraded Dream Global REIT from a “buy” rating to a “hold” rating and increased their target price for the stock from C$11.50 to C$11.75 in a research report on Monday, November 13th. Royal Bank Of Canada increased their target price on Dream Global REIT from C$11.00 to C$12.00 in a research report on Monday, November 13th. Finally, Canaccord Genuity increased their target price on Dream Global REIT from C$11.50 to C$12.00 in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$11.61.
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.0667 per share. The ex-dividend date was Monday, October 30th. This represents a $0.80 dividend on an annualized basis and a yield of 6.85%.
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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