Dream Global REIT (DRG.UN) to Issue Monthly Dividend of $0.07 on September 15th

Dream Global REIT (TSE:DRG.UN) announced a monthly dividend on Tuesday, August 29th, TickerTech reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.0667 per share on Friday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of Infinity. The ex-dividend date of this dividend is Tuesday, August 29th.

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Several equities analysts have issued reports on DRG.UN shares. National Bank Financial lifted their price target on shares of Dream Global REIT from C$11.00 to C$11.75 in a report on Friday, June 23rd. TD Securities lifted their price target on shares of Dream Global REIT from C$10.50 to C$11.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Eight Capital raised shares of Dream Global REIT from a “neutral” rating to a “buy” rating in a report on Friday, July 21st. Scotiabank reaffirmed a “sector perform” rating and issued a C$11.00 price target on shares of Dream Global REIT in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$11.00 price target on shares of Dream Global REIT in a report on Thursday, June 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$10.88.

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.