Dream Global REIT (TSE:DRG.UN) declared a monthly dividend on Tuesday, February 27th, TickerTech reports. Investors of record on Thursday, March 15th will be given a dividend of 0.0667 per share on Thursday, March 15th. This represents a $0.80 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend is Tuesday, February 27th.
Dream Global REIT (TSE:DRG.UN) opened at C$12.30 on Monday. The firm has a market cap of $2,170.00, a P/E ratio of 6.91 and a beta of 0.39. Dream Global REIT has a 52-week low of C$9.46 and a 52-week high of C$12.49.
Several research firms recently weighed in on DRG.UN. National Bank Financial upped their price objective on shares of Dream Global REIT from C$12.75 to C$13.50 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank of Canada upped their price objective on shares of Dream Global REIT from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities cut shares of Dream Global REIT from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. Desjardins cut shares of Dream Global REIT from a “buy” rating to a “hold” rating and increased their price target for the company from C$11.50 to C$11.75 in a research report on Monday, November 13th. Finally, Canaccord Genuity increased their price target on shares of Dream Global REIT from C$11.50 to C$12.00 in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$12.33.
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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