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

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

Several other research firms also recently issued reports on DRG.UN. CIBC boosted their price objective on Dream Global REIT from C$26.00 to C$27.00 in a report on Monday. National Bank Financial boosted their price objective on Dream Global REIT from C$16.00 to C$17.00 and gave the company an outperform rating in a report on Friday, May 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of C$18.00.

DRG.UN stock opened at C$14.24 on Monday. 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 company has a market capitalization 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 business’s fifty day moving average price is C$14.09 and its 200 day moving average price is C$13.80.

Dream Global REIT Company Profile

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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