Brokerages Set Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) PT at C$15.04

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has been assigned an average recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$15.04.

Separately, TD raised their target price on Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research note on Thursday, May 7th.

Dream Industrial Real Estate Invest Trst Stock Down 1.7%

Shares of TSE:DIR.UN opened at C$14.45 on Tuesday. The firm has a market cap of C$4.16 billion, a P/E ratio of 22.94 and a beta of 1.15. The company has a quick ratio of 0.24, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. Dream Industrial Real Estate Invest Trst has a 12-month low of C$11.39 and a 12-month high of C$14.84. The business has a fifty day simple moving average of C$14.14 and a 200 day simple moving average of C$13.51.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. The firm had revenue of C$130.46 million for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. Analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current 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.