Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given Average Recommendation of “Buy” by Analysts

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Free Report) have been assigned an average rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have covered the stock in the last year is C$15.04.

Separately, TD lifted 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 report on Thursday, May 7th.

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Dream Industrial Real Estate Invest Trst Trading Down 0.5%

TSE:DIR.UN opened at C$14.58 on Tuesday. The company’s 50 day moving average price is C$14.17 and its 200-day moving average price is C$13.54. Dream Industrial Real Estate Invest Trst has a 52 week low of C$11.39 and a 52 week high of C$14.84. The company has a quick ratio of 0.24, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. The stock has a market cap of C$4.19 billion, a price-to-earnings ratio of 23.14 and a beta of 1.15.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$130.46 million during the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. On average, equities research 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

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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.

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