Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Raised to C$16.75

Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Free Report) had its target price increased by National Bank Financial from C$16.25 to C$16.75 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 20.33% from the stock’s previous close.

Several other analysts have also commented on DIR.UN. Desjardins increased their price objective on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group boosted their price target on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the stock a “buy” rating in a research note on Thursday. Finally, TD upped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a “buy” rating in a report on Thursday. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$15.47.

Check Out Our Latest Stock Report on DIR.UN

Dream Industrial Real Estate Invest Trst Stock Down 3.4%

TSE:DIR.UN traded down C$0.49 during trading hours on Thursday, reaching C$13.92. The company’s stock had a trading volume of 317,894 shares, compared to its average volume of 589,303. 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 capitalization of C$4.00 billion, a P/E ratio of 22.10 and a beta of 1.15. The stock has a 50 day moving average price of C$14.24 and a two-hundred day moving average price of C$13.60. Dream Industrial Real Estate Invest Trst has a 12 month low of C$11.78 and a 12 month high of C$14.85.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$131.42 million for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. Equities analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current fiscal year.

Dream Industrial Real Estate Invest Trst Company Profile

(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.

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