Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Hits New 52-Week High – Still a Buy?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$14.85 and last traded at C$14.79, with a volume of 195565 shares traded. The stock had previously closed at C$14.58.

Analyst Ratings Changes

Separately, TD boosted their price objective on shares of 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. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$15.04.

Read Our Latest Stock Analysis on DIR.UN

Dream Industrial Real Estate Invest Trst Price Performance

The stock has a 50-day simple moving average of C$14.17 and a 200 day simple moving average of C$13.54. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.24 and a current ratio of 0.40. The company has a market cap of C$4.24 billion, a P/E ratio of 23.40 and a beta of 1.15.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Free Report) last posted its earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share for the quarter. The business 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%. On average, equities analysts expect that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current year.

About Dream Industrial Real Estate Invest Trst

(Get Free Report)

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.

Further Reading

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