Dream Global REIT (TSE:DRG.UN) had its target price increased by equities researchers at Desjardins from C$12.75 to C$14.75 in a note issued to investors on Monday. Desjardins’ target price would suggest a potential upside of 1.10% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada lifted their target price on Dream Global REIT from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Monday. TD Securities lifted their target price on Dream Global REIT from C$15.00 to C$15.50 in a report on Friday. Canaccord Genuity lifted their target price on Dream Global REIT from C$12.50 to C$14.00 in a report on Monday, April 30th. National Bank Financial lifted their target price on Dream Global REIT from C$13.50 to C$14.75 and gave the stock an “outperform” rating in a report on Tuesday, April 24th. Finally, Scotiabank lifted their target price on Dream Global REIT from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Friday, March 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Dream Global REIT presently has an average rating of “Buy” and an average target price of C$14.50.
Shares of DRG.UN traded up C$0.27 during midday trading on Monday, reaching C$14.59. 325,817 shares of the stock were exchanged, compared to its average volume of 709,609. Dream Global REIT has a twelve month low of C$9.52 and a twelve month high of C$13.58.
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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