Dream Global REIT (DRG.UN) to Issue Monthly Dividend of $0.07 on September 15th
Dream Global REIT (TSE:DRG.UN) announced a monthly dividend on Tuesday, August 29th, TickerTech reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.0667 per share on Friday, September 15th. This represents a $0.80 annualized dividend and a yield of Infinity. The ex-dividend date is Tuesday, August 29th.
Several analysts have recently weighed in on the stock. National Bank Financial reissued an “outperform” rating and issued a C$12.00 price target on shares of Dream Global REIT in a research note on Monday, July 31st. Scotiabank increased 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 note on Monday, July 31st. Eight Capital raised shares of Dream Global REIT from a “neutral” rating to a “buy” rating in a research note on Friday, July 21st. TD Securities increased their price target on shares of Dream Global REIT from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Thursday, June 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a C$11.00 price target on shares of Dream Global REIT in a research note on Thursday, June 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$10.88.
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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.
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