Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives C$15.47 Average PT from Brokerages

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have covered the stock in the last year is C$15.47.

A number of research analysts recently commented on DIR.UN shares. Desjardins increased their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Canaccord Genuity Group upped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the company a “buy” rating in a research note on Thursday, August 6th. TD boosted their price target 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 research report on Thursday, August 6th. Finally, National Bank Financial boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$16.25 to C$16.75 and gave the company an “outperform” rating in a research report on Thursday, August 6th.

Dream Industrial Real Estate Invest Trst Price Performance

DIR.UN opened at C$13.10 on Wednesday. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$11.81 and a fifty-two week high of C$14.85. The firm has a market capitalization of C$3.67 billion, a P/E ratio of 22.66 and a beta of 1.10. The company’s 50-day moving average is C$14.05 and its 200 day moving average is C$13.70. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.24.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$0.11 EPS for the quarter. The company had revenue of C$131.42 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%. Research analysts expect that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current fiscal year.

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.