Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price Expected to Rise, Desjardins Analyst Says

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its target price raised by stock analysts at Desjardins from C$14.50 to C$15.50 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 16.54% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets upped their price target on Dream Industrial Real Estate Invest Trst from C$13.00 to C$14.00 in a report on Monday, November 10th. Raymond James Financial upped their target price on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the company an “outperform” rating in a research note on Thursday. National Bank Financial raised their target price on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Finally, TD Securities boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the company a “buy” rating in a report on Thursday, December 18th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dream Industrial Real Estate Invest Trst presently has an average rating of “Moderate Buy” and a consensus target price of C$14.68.

Dream Industrial Real Estate Invest Trst Stock Up 0.8%

Shares of DIR.UN opened at C$13.30 on Thursday. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40. The company has a 50-day simple moving average of C$12.96 and a 200-day simple moving average of C$12.51. Dream Industrial Real Estate Invest Trst has a 52 week low of C$9.48 and a 52 week high of C$13.62. The firm has a market capitalization of C$3.90 billion, a P/E ratio of 15.51 and a beta of 1.02.

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. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.