Dream Global REIT (TSE:DRG.UN) has been given a consensus recommendation of “Buy” by the five research firms that are currently covering the stock. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$9.60.
DRG.UN has been the subject of a number of research analyst reports. National Bank Financial restated an “outperform” rating and issued a C$9.75 target price on shares of Dream Global REIT in a report on Monday, August 8th. TD Securities increased their target price on Dream Global REIT from C$10.00 to C$10.50 and gave the company a “buy” rating in a report on Monday, August 15th. Finally, Scotiabank restated a “sector perform” rating and issued a C$9.25 target price on shares of Dream Global REIT in a report on Monday, August 15th.
The business also recently declared a monthly dividend, which was paid on Saturday, October 15th. Stockholders of record on Saturday, October 15th were paid a $0.0667 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date was Wednesday, September 28th.
About Dream Global REIT
Dream Global REIT is an, open-ended real estate investment trust. The Company provides investors with the opportunity to invest in real estate exclusively outside of Canada. Its objectives are to manage its investments to provide cash flows through investments in commercial real estate located outside of Canada, building a diversified, growth-oriented portfolio of commercial properties, capitalizing on internal growth and seeking accretive acquisition opportunities in its target markets, growing the value of its assets and maximizing the long-term value of its units through the management of its assets and providing predictable and growing cash distributions per unit, on a tax-efficient basis.
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