Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Hits New 12-Month High at $14.33

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s stock price hit a new 52-week high on Friday . The company traded as high as C$14.33 and last traded at C$14.32, with a volume of 153500 shares traded. The stock had previously closed at C$14.05.

Analyst Ratings Changes

Separately, TD Securities increased their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dream Industrial Real Estate Invest Trst presently has an average rating of “Buy” and an average price target of C$15.88.

Dream Industrial Real Estate Invest Trst Stock Performance

The company has a market capitalization of C$3.98 billion, a price-to-earnings ratio of 24.02 and a beta of 1.25. The firm’s 50 day simple moving average is C$13.48 and its 200-day simple moving average is C$12.98. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40.

About Dream Industrial Real Estate Invest Trst

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at December 31, 2023, we own, manage and operate a global portfolio of well-located, diversified industrial properties comprising 327 assets totalling approximately 71.4 million square feet of GLA in key markets across Canada, Europe and the U.S.