Canaccord Genuity Boosts Dream Global REIT (TSE:DRG.UN) Price Target to C$16.50

Dream Global REIT (TSE:DRG.UN) had its price target boosted by Canaccord Genuity from C$15.50 to C$16.50 in a research report released on Monday, BayStreet.CA reports.

A number of other analysts have also recently weighed in on the company. CIBC increased their price objective on Dream Global REIT from C$26.00 to C$27.00 in a research report on Monday. National Bank Financial increased their price objective on Dream Global REIT from C$16.00 to C$17.00 and gave the stock an outperform rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Dream Global REIT currently has a consensus rating of Buy and a consensus price target of C$18.00.

Dream Global REIT stock opened at C$14.24 on Monday. Dream Global REIT has a twelve month low of C$11.58 and a twelve month high of C$15.44. The stock has a 50 day moving average of C$14.09 and a two-hundred day moving average of C$13.80. The company has a current ratio of 0.70, a quick ratio of 0.24 and a debt-to-equity ratio of 74.83. The stock has a market capitalization of $2.75 billion and a price-to-earnings ratio of 4.76.

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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