Dream Global REIT (DRG.UN) to Issue Monthly Dividend of C$0.07 on October 15th
Dream Global REIT (TSE:DRG.UN) declared a monthly dividend on Wednesday, September 28th. Shareholders of record on Saturday, October 15th will be given a dividend of 0.0667 per share on Saturday, October 15th. This represents a $0.80 dividend on an annualized basis and a yield of Infinity. The ex-dividend date is Wednesday, September 28th.
Several brokerages have recently commented on DRG.UN. TD Securities upped their target price on Dream Global REIT from C$10.00 to C$10.50 and gave the company a “buy” rating in a report on Monday, August 15th. Scotiabank reaffirmed a “sector perform” rating and set a C$9.25 target price on shares of Dream Global REIT in a report on Monday, August 15th. Finally, National Bank Financial reaffirmed an “outperform” rating and set a C$9.75 target price on shares of Dream Global REIT in a report on Monday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Dream Global REIT has an average rating of “Buy” and an average price target of C$9.60.
About Dream Global REIT
Dream Global REIT is an, open-ended real estate investment trust. The Company provides investors with the opportunity to invest in real estate exclusively outside of Canada. Its 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.
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