Trading Report: Today, Dream Global REIT (DRG.UN) Plans Monthly Dividend of C$0.07

Today, Dream Global REIT (DRG.UN) Plans Monthly Dividend of C$0.07

Dream Global REIT (TSE:DRG.UN) declared a monthly dividend on Monday, November 28th. Stockholders of record on Thursday, December 15th will be given a dividend of 0.0667 per share on Thursday, December 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Monday, November 28th.

A number of research analysts recently weighed in on DRG.UN shares. Scotiabank reaffirmed a “sector perform” rating and issued a C$9.25 price target on shares of Dream Global REIT in a research note on Monday, August 15th. CIBC raised their price target on shares of Dream Global REIT from C$9.00 to C$9.30 in a research note on Thursday, November 17th. TD Securities reissued a “buy” rating and issued a C$10.00 target price on shares of Dream Global REIT in a research note on Monday, August 8th. Finally, National Bank Financial reissued an “outperform” rating and issued a C$9.75 target price on shares of Dream Global REIT in a research note on Monday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Dream Global REIT currently has an average rating of “Buy” and a consensus price target of C$9.76.

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