Dream Global REIT (TSE:DRG.UN) Stock Upgrade
In an analyst research report distributed earlier today, TD Securities has raised shares of Dream Global REIT (TSE:DRG.UN) to a solid “Buy” rating and has established an estimated 12-month TP of $10.00. DRG.UN’s rating before this upgrade was a “Hold”.
From a total of 3 analysts covering Dream Global REIT (TSE:DRG.UN) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is $10.75 while the lowest target price is $10.50. The mean of all analyst targets is $10.56 with a 24.09% above today’s ($8.51) stock price. Dream Global REIT was the topic of 6 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. TD Securities reinitiated shares on October 2 with “Buy” rating.
The stock increased 1.55% or $0.13 on December 18, striking $8.51. Approximately 590,069 shares of stock traded hands or 250.43% up from the average. Dream Global REIT (TSE:DRG.UN) has declined 15.41% since May 22, 2015 and is downtrending. It has underperformed by 11.60% the S&P500.
Dream Global REIT is an, open-ended real estate investment trust. The company has a market cap of $947.06 million. The Firm provides investors with the opportunity to invest in real estate exclusively outside of Canada. It has 6.37 P/E ratio. The Company’s objectives are to manage its investments to provide cash flows through investments in commercial real estate located outside of Canada, building a diversified, growth-oriented portfolio of commercial properties, capitalizing on internal growth and seeking accretive acquisition opportunities in its target markets, growing the value of its assets and maximizing the long-term value of its units through the management of its assets and providing predictable and growing cash distributions per unit, on a tax-efficient basis.