Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Free Report) issued its earnings results on Tuesday. The company reported C$0.11 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$131.42 million during the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%.
Dream Industrial Real Estate Invest Trst Stock Down 3.5%
Shares of TSE DIR.UN traded down C$0.51 during midday trading on Tuesday, hitting C$13.88. 885,385 shares of the stock traded hands, compared to its average volume of 580,200. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.24 and a current ratio of 0.40. Dream Industrial Real Estate Invest Trst has a one year low of C$11.51 and a one year high of C$14.85. The business has a 50 day moving average price of C$14.24 and a two-hundred day moving average price of C$13.59. The company has a market cap of C$3.99 billion, a PE ratio of 22.03 and a beta of 1.15.
Analyst Upgrades and Downgrades
Separately, TD lifted their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$15.04.
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.
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