Dream Global REIT (TSE:DRG.UN) Earns “Outperform” Rating from National Bank Financial

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Dream Global REIT (TSE:DRG.UN)‘s stock had its “outperform” rating restated by research analysts at National Bank Financial in a note issued to investors on Tuesday, BayStreet.CA reports. They presently have a C$18.00 price target on the stock. National Bank Financial’s price target indicates a potential upside of 8.43% from the stock’s previous close.

DRG.UN has been the subject of several other research reports. Royal Bank of Canada raised their price target on shares of Dream Global REIT from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. CIBC cut shares of Dream Global REIT from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from C$16.00 to C$16.80 in a research note on Tuesday. 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 report on Monday. Finally, Canaccord Genuity upgraded shares of Dream Global REIT from a “hold” rating to a “buy” rating and upped their price target for the company from C$16.50 to C$16.79 in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$16.41.

Shares of TSE:DRG.UN opened at C$16.60 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.38 and a debt-to-equity ratio of 82.70. The stock’s 50-day moving average price is C$14.40 and its 200-day moving average price is C$14.01. The stock has a market capitalization of $3.22 billion and a P/E ratio of 4.12. Dream Global REIT has a 12-month low of C$11.58 and a 12-month high of C$15.44.

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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