Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Hits New 1-Year High – What’s Next?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$13.32 and last traded at C$13.23, with a volume of 89820 shares trading hands. The stock had previously closed at C$13.22.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets boosted their price target 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 target price on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research note on Monday, October 6th. 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 note on Thursday, December 18th. Finally, National Bankshares raised 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 report on Friday, December 19th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$14.36.

Dream Industrial Real Estate Invest Trst Trading Up 0.2%

The stock has a 50-day moving average of C$12.42 and a 200 day moving average of C$12.23. The stock has a market cap of C$3.87 billion, a PE ratio of 15.44 and a beta of 1.24. The company has a quick ratio of 0.25, a current ratio of 0.40 and a debt-to-equity ratio of 63.72.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$0.16 earnings per share (EPS) for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. The company had revenue of C$126.62 million during the quarter. As a group, sell-side analysts anticipate 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.