BMO Capital Markets Reiterates “C$16.79” Price Target for Dream Global REIT (TSE:DRG.UN)

Dream Global REIT (TSE:DRG.UN) has been given a C$16.79 target price by research analysts at BMO Capital Markets in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 1.33% from the company’s current price.

Several other research analysts have also weighed in on DRG.UN. CIBC lifted their price objective on shares of Dream Global REIT from C$26.00 to C$27.00 in a research note on Monday, August 12th. Canaccord Genuity raised their target price on shares of Dream Global REIT from C$15.50 to C$16.50 in a report on Monday, August 12th. National Bank Financial raised their target price on shares of Dream Global REIT from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada raised 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 report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$17.83.

Dream Global REIT stock traded up C$2.40 during midday trading on Monday, hitting C$16.57. 7,576,450 shares of the stock were exchanged, compared to its average volume of 709,609. The company has a fifty day simple moving average of C$14.31 and a two-hundred day simple moving average of C$13.97. Dream Global REIT has a 52 week low of C$11.58 and a 52 week high of C$15.44. The stock has a market capitalization of $2.75 billion and a PE ratio of 4.11. The company has a quick ratio of 1.38, a current ratio of 1.83 and a debt-to-equity ratio of 82.70.



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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