Brokerages Set Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target at C$14.82

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$14.82.

Several analysts recently commented on the stock. TD Securities upped 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 research report on Thursday, December 18th. National Bank Financial lifted their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the company an “outperform” rating in a research note on Friday, December 19th. Desjardins upped their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the company a “buy” rating in a report on Thursday, February 19th. Royal Bank Of Canada increased their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Finally, Raymond James Financial raised their price target on 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.

Dream Industrial Real Estate Invest Trst Stock Down 2.6%

DIR.UN stock opened at C$12.22 on Friday. The company has a market capitalization of C$3.56 billion, a price-to-earnings ratio of 21.07 and a beta of 1.06. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$9.48 and a fifty-two week high of C$13.62. The business’s 50 day moving average price is C$13.05 and its two-hundred day moving average price is C$12.61. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its quarterly earnings data on Tuesday, February 17th. The company reported C$0.10 earnings per share for the quarter. The company had revenue of C$131.66 million during the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. As a group, analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current fiscal year.

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.