Dream Global REIT (TSE:DRG.UN) PT Raised to C$27.00

Dream Global REIT (TSE:DRG.UN) had its target price boosted by stock analysts at CIBC from C$26.00 to C$27.00 in a report issued on Monday, BayStreet.CA reports. CIBC’s price target suggests a potential upside of 88.94% from the company’s current price.

Separately, National Bank Financial upped their price target 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.

Dream Global REIT stock traded down C$0.16 during trading hours on Monday, hitting C$14.29. The stock had a trading volume of 229,883 shares, compared to its average volume of 709,609. The company’s 50-day simple moving average is C$14.04. The company has a debt-to-equity ratio of 74.83, a quick ratio of 0.24 and a current ratio of 0.70. The stock has a market cap of $2.77 billion and a P/E ratio of 4.77. Dream Global REIT has a fifty-two week low of C$11.58 and a fifty-two week high of C$15.44.

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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