Dream Global REIT’s (DRG.UN) Sector Perform Rating Reaffirmed at Scotiabank

Scotiabank reissued their sector perform rating on shares of Dream Global REIT (TSE:DRG.UN) in a research note issued to investors on Wednesday morning. Scotiabank currently has a C$10.00 price target on the stock.

DRG.UN has been the topic of a number of other research reports. CIBC boosted their price target on Dream Global REIT from C$9.30 to C$9.50 in a report on Friday, February 24th. TD Securities restated a buy rating and set a C$10.50 price target on shares of Dream Global REIT in a report on Friday, February 24th. Canaccord Genuity reduced their price target on Dream Global REIT from C$10.00 to C$9.50 in a report on Thursday, January 5th. Finally, National Bank Financial reiterated an outperform rating and set a C$10.50 target price on shares of Dream Global REIT in a report on Wednesday, March 22nd.

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The company also recently announced a monthly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 15th were issued a dividend of $0.0667 per share. The ex-dividend date was Friday, February 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of Infinity.

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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