Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) PT Lowered to C$18.75

Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Rating) had its price target cut by investment analysts at Raymond James from C$19.50 to C$18.75 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 37.77% from the stock’s current price.

DIR.UN has been the subject of several other reports. Royal Bank of Canada cut their price target on shares of Dream Industrial Real Estate Invest Trst from C$19.50 to C$18.50 and set an “outperform” rating for the company in a report on Friday. National Bankshares started coverage on shares of Dream Industrial Real Estate Invest Trst in a research note on Friday, March 11th. They issued a “buy” rating and a C$19.25 target price for the company. Finally, TD Securities set a C$19.50 price target on Dream Industrial Real Estate Invest Trst and gave the stock a “buy” rating in a research report on Thursday, March 10th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Dream Industrial Real Estate Invest Trst presently has an average rating of “Buy” and a consensus price target of C$18.63.

Shares of TSE DIR.UN traded up C$0.16 during midday trading on Tuesday, reaching C$13.61. 590,576 shares of the company traded hands, compared to its average volume of 974,340. Dream Industrial Real Estate Invest Trst has a 12 month low of C$13.45 and a 12 month high of C$17.60. The company has a debt-to-equity ratio of 59.04, a quick ratio of 1.28 and a current ratio of 1.31. The stock’s 50-day simple moving average is C$15.75 and its 200-day simple moving average is C$16.27. The firm has a market cap of C$3.46 billion and a PE ratio of 5.23.

About Dream Industrial Real Estate Invest Trst (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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Analyst Recommendations for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)

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