Dream Global REIT (DRG.UN) Reaches New 52-Week High at $12.27

Dream Global REIT (TSE:DRG.UN) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$12.27 and last traded at C$12.24, with a volume of 104175 shares. The stock had previously closed at C$12.08.

DRG.UN has been the topic of several research analyst reports. National Bank Financial raised their target price on shares of Dream Global REIT from C$12.00 to C$12.25 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Royal Bank of Canada raised their target price on shares of Dream Global REIT from C$11.00 to C$12.00 in a research report on Monday, November 13th. Desjardins cut shares of Dream Global REIT from a “buy” rating to a “hold” rating and raised their target price for the stock from C$11.50 to C$11.75 in a research report on Monday, November 13th. TD Securities raised their target price on shares of Dream Global REIT from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Friday, November 10th. Finally, Canaccord Genuity raised their target price on shares of Dream Global REIT from C$11.50 to C$12.00 in a research report on Monday, November 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$11.61.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 15th will be given a dividend of $0.0667 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.80 annualized dividend and a yield of 6.54%.

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About Dream Global REIT

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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