Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Sets New 52-Week Low at $11.60

Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Rating) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$11.60 and last traded at C$11.61, with a volume of 62678 shares traded. The stock had previously closed at C$11.74.

Wall Street Analyst Weigh In

DIR.UN has been the subject of several research analyst reports. Raymond James decreased their price target on shares of Dream Industrial Real Estate Invest Trst from C$18.75 to C$16.00 and set an “outperform” rating for the company in a research note on Thursday, August 4th. Scotiabank decreased their price target on shares of Dream Industrial Real Estate Invest Trst from C$17.50 to C$16.00 in a research note on Monday, August 8th. National Bankshares lifted their price target on shares of Dream Industrial Real Estate Invest Trst from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Finally, CIBC decreased their price target on shares of Dream Industrial Real Estate Invest Trst from C$18.00 to C$17.00 in a research note on Monday, June 27th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$17.25.

Dream Industrial Real Estate Invest Trst Stock Down 0.4 %

The stock has a market capitalization of C$2.98 billion and a PE ratio of 3.08. The company has a debt-to-equity ratio of 51.38, a current ratio of 0.33 and a quick ratio of 0.30. The business’s fifty day moving average price is C$12.29 and its two-hundred day moving average price is C$13.71.

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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