Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives C$14.82 Average Price Target from Brokerages

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$14.82.

A number of equities analysts have commented on the stock. National Bank Financial boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the stock an “outperform” rating in a research note on Friday, December 19th. BMO Capital Markets upped their target price on Dream Industrial Real Estate Invest Trst from C$13.00 to C$14.00 in a research note on Monday, November 10th. Desjardins lifted their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Raymond James Financial boosted their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Finally, TD Securities increased their target price 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.

Dream Industrial Real Estate Invest Trst Price Performance

Shares of TSE:DIR.UN opened at C$13.23 on Monday. The company has a 50 day moving average of C$13.02 and a 200 day moving average of C$12.54. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72. The stock has a market cap of C$3.88 billion, a P/E ratio of 15.43 and a beta of 1.02. Dream Industrial Real Estate Invest Trst has a 12 month low of C$9.48 and a 12 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.