Brokerages Set Dream Global REIT (TSE:DRG.UN) PT at C$16.41

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Shares of Dream Global REIT (TSE:DRG.UN) have been given a consensus recommendation of “Buy” by the seven analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$16.41.

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Dream Global REIT from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. BMO Capital Markets set a C$16.79 target price on shares of Dream Global REIT and gave the stock a “market perform” rating in a research report on Monday, September 16th. Canaccord Genuity upgraded shares of Dream Global REIT from a “hold” rating to a “buy” rating and upped their target price for the stock from C$16.50 to C$16.79 in a research report on Tuesday, September 17th. CIBC lowered shares of Dream Global REIT from an “outperform” rating to a “neutral” rating and upped their target price for the stock from C$16.00 to C$16.80 in a research report on Tuesday, September 17th. Finally, National Bank Financial reiterated an “outperform” rating and set a C$18.00 target price on shares of Dream Global REIT in a research report on Tuesday, September 17th.

TSE DRG.UN opened at C$16.64 on Monday. Dream Global REIT has a twelve month low of C$11.58 and a twelve month high of C$16.69. The company has a debt-to-equity ratio of 82.70, a quick ratio of 1.38 and a current ratio of 1.83. The stock has a market cap of $3.23 billion and a price-to-earnings ratio of 4.13. The firm’s 50 day moving average price is C$15.54 and its two-hundred day moving average price is C$14.37.

About Dream Global REIT

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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Analyst Recommendations for Dream Global REIT (TSE:DRG.UN)

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