Dream Global REIT (TSE:DRG.UN) had its price target increased by National Bank Financial from C$17.00 to C$18.00 in a report released on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other brokerages have also issued reports on DRG.UN. CIBC lifted their target price on Dream Global REIT from C$26.00 to C$27.00 in a research report on Monday. Canaccord Genuity lifted their target price on Dream Global REIT from C$15.50 to C$16.50 in a research report on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of C$18.00.
Shares of DRG.UN opened at C$14.24 on Monday. The stock’s 50-day moving average is C$14.09 and its two-hundred day moving average is C$13.80. The stock has a market cap of $2.75 billion and a PE ratio of 4.76. Dream Global REIT has a 12 month low of C$11.58 and a 12 month high of C$15.44. The company has a debt-to-equity ratio of 74.83, a current ratio of 0.70 and a quick ratio of 0.24.
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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