Dream Global REIT (TSE:DRG.UN) Sets New 12-Month High at $16.78

Shares of Dream Global REIT (TSE:DRG.UN) hit a new 52-week high during trading on Wednesday . The company traded as high as C$16.78 and last traded at C$16.77, with a volume of 90480 shares traded. The stock had previously closed at C$16.78.

Several equities analysts recently commented on DRG.UN shares. National Bank Financial reissued an “outperform” rating and issued a C$18.00 target price on shares of Dream Global REIT in a report on Tuesday, September 17th. Canaccord Genuity upgraded Dream Global REIT from a “hold” rating to a “buy” rating and increased their price objective for the company from C$16.50 to C$16.79 in a report on Tuesday, September 17th. Royal Bank of Canada lowered Dream Global REIT from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$16.00 to C$16.79 in a research report on Wednesday, October 23rd. CIBC lowered Dream Global REIT from an “outperform” rating to a “neutral” rating and raised their target price for the stock from C$16.00 to C$16.80 in a research report on Tuesday, September 17th. Finally, BMO Capital Markets set a C$16.79 target price on Dream Global REIT and gave the stock a “market perform” rating in a research note on Monday, September 16th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$16.52.

The stock’s 50-day moving average is C$16.70 and its 200 day moving average is C$15.07. The company has a debt-to-equity ratio of 81.99, a quick ratio of 0.73 and a current ratio of 0.87. The stock has a market capitalization of $3.26 billion and a PE ratio of 4.77.

About Dream Global REIT (TSE:DRG.UN)

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.

See Also: Retained Earnings

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