Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Raised to C$15.50 at Desjardins

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price target increased by research analysts at Desjardins from C$14.50 to C$15.50 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 17.16% from the stock’s current price.

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

Dream Industrial Real Estate Invest Trst Stock Down 0.9%

Shares of Dream Industrial Real Estate Invest Trst stock traded down C$0.12 on Thursday, reaching C$13.23. 366,246 shares of the company were exchanged, compared to its average volume of 606,993. Dream Industrial Real Estate Invest Trst has a one year low of C$9.48 and a one year high of C$13.62. 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 company has a 50-day moving average of C$12.91 and a 200 day moving average of C$12.49. The company has a market capitalization of C$3.88 billion, a price-to-earnings ratio of 15.43 and a beta of 1.02.

Dream Industrial Real Estate Invest Trst Company Profile

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.