Raymond James Lowers Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target to C$16.00

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its target price cut by Raymond James from C$16.50 to C$16.00 in a research report released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts also recently weighed in on DIR.UN. National Bankshares lowered their price objective on Dream Industrial Real Estate Invest Trst from C$16.50 to C$16.00 and set an outperform rating for the company in a research report on Wednesday. Laurentian set a C$15.50 target price on Dream Industrial Real Estate Invest Trst and gave the company a buy rating in a research note on Monday, January 22nd. Seven equities 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$16.17.

Dream Industrial Real Estate Invest Trst Stock Performance

Shares of DIR.UN stock opened at C$12.53 on Wednesday. The company has a debt-to-equity ratio of 63.11, a quick ratio of 0.25 and a current ratio of 0.21. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$11.53 and a fifty-two week high of C$15.06. The stock has a 50 day moving average price of C$12.93 and a two-hundred day moving average price of C$13.02. The company has a market capitalization of C$3.42 billion, a P/E ratio of 34.81 and a beta of 1.23.

About Dream Industrial Real Estate Invest Trst

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.