Dream Global REIT Gets a Buy Rating from GMP FirstEnergy

By Carrie Williams

The Financial sector company, Dream Global REIT (TSX: DRG.UN), has received a rating update from a Wall Street analyst on July 28. Analyst Jimmy Shan from GMP FirstEnergy reiterated a Buy rating, with a C$11 price target on July 28.

Shan has an average return of 19.0% when recommending Dream Global REIT.

According to TipRanks.com, Shan is ranked #261 out of 4160 analysts.

Currently, the analyst consensus on Dream Global REIT is Moderate Buy and the average price target is C$11.07, representing a 7.7% upside.

In a report issued on July 19, RBC Capital also reiterated a Buy rating on the stock with a C$11 price target.

The company has a one year high of C$11.12 and a one year low of C$8.51. Currently, Dream Global REIT has an average volume of 411.6K.

Dream Global Real Estate Investment Trust is a open-ended real estate investment trust with a portfolio of commercial properties in Germany and Austria. The company was founded on April 21, 2011 and is headquartered in Toronto, Canada.

The company’s shares closed on Friday at C$10.28.