Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Issues Earnings Results

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) released its earnings results on Tuesday. The company reported C$0.21 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$130.46 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 Price Performance

Shares of TSE:DIR.UN traded down C$0.14 on Tuesday, reaching C$13.59. 469,292 shares of the company traded hands, compared to its average volume of 648,010. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$9.96 and a fifty-two week high of C$14.06. The company’s 50 day moving average is C$13.08 and its 200-day moving average is C$12.78. The stock has a market capitalization of C$3.91 billion, a PE ratio of 23.43 and a beta of 1.10. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.25.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DIR.UN shares. Raymond James Financial upped their target price on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Royal Bank Of Canada upped their target price on Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Finally, Desjardins upped their target price on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$14.96.

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.