Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Rating Lowered to Outperform at Raymond James Financial

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) was downgraded by analysts at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a research report issued to clients and investors on Thursday,BayStreet.CA reports. They currently have a C$13.75 price target on the stock, up from their previous price target of C$13.00. Raymond James Financial’s target price points to a potential upside of 18.94% from the company’s current price.

Several other brokerages have also recently commented on DIR.UN. Scotiabank lowered their price target on shares of Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 8th. TD Securities reduced their price objective on shares of Dream Industrial Real Estate Invest Trst from C$13.00 to C$12.50 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada dropped their target price on shares of Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 in a research report on Monday, May 12th.

Dream Industrial Real Estate Invest Trst Stock Performance

Shares of Dream Industrial Real Estate Invest Trst stock opened at C$11.56 on Thursday. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.25. The firm has a 50 day simple moving average of C$11.41 and a 200 day simple moving average of C$11.33. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$9.48 and a fifty-two week high of C$14.65. The firm has a market cap of C$3.19 billion, a P/E ratio of 18.95 and a beta of 1.25.

Dream Industrial Real Estate Invest Trst Company Profile

Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. Its portfolio comprises industrial properties located in key markets across Canada and the U.S. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders.