Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives Consensus Recommendation of “Buy” from Brokerages

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Rating) has earned a consensus recommendation of “Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$18.75.

A number of analysts have weighed in on the stock. TD Securities set a C$19.50 target price on shares of Dream Industrial Real Estate Invest Trst and gave the stock a “buy” rating in a report on Thursday, March 10th. National Bankshares began coverage on shares of Dream Industrial Real Estate Invest Trst in a research report on Friday, March 11th. They set a “buy” rating and a C$19.25 price target for the company. Raymond James upped their price target on shares of Dream Industrial Real Estate Invest Trst from C$19.00 to C$19.50 and gave the stock an “outperform” rating in a research report on Monday, March 14th. Finally, Royal Bank of Canada upped their price target on shares of Dream Industrial Real Estate Invest Trst from C$19.00 to C$19.50 and gave the stock an “outperform” rating in a research report on Tuesday, February 22nd.

Shares of TSE:DIR.UN opened at C$15.99 on Wednesday. The stock has a market capitalization of C$4.01 billion and a price-to-earnings ratio of 6.15. Dream Industrial Real Estate Invest Trst has a 1-year low of C$13.55 and a 1-year high of C$17.60. The company’s fifty day moving average is C$16.15 and its two-hundred day moving average is C$16.41. The company has a debt-to-equity ratio of 59.04, a quick ratio of 1.28 and a current ratio of 1.31.

Dream Industrial Real Estate Invest Trst Company Profile (Get Rating)

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT owns and operates a portfolio of 223 geographically diversified light industrial properties comprising approximately 20.2 million square feet of gross leasable area in key markets across Canada and the U.S.

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