Raymond James Financial Forecasts Strong Price Appreciation for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its target price upped by equities research analysts at Raymond James Financial from C$14.75 to C$15.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 12.78% from the company’s current price.

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

Dream Industrial Real Estate Invest Trst Stock Performance

TSE:DIR.UN opened at C$13.30 on Thursday. The company has a 50-day moving average of C$12.96 and a 200-day moving average of C$12.51. The firm has a market cap of C$3.90 billion, a price-to-earnings ratio of 15.51 and a beta of 1.02. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72. Dream Industrial Real Estate Invest Trst has a twelve month low of C$9.48 and a twelve month high of C$13.62.

About Dream Industrial Real Estate Invest Trst

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.