Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price Expected to Rise, Desjardins Analyst Says

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective lifted by equities researchers at Desjardins from C$15.50 to C$16.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 14.94% from the company’s current price.

Separately, TD increased their price target on Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, Dream Industrial Real Estate Invest Trst has a consensus rating of “Buy” and a consensus price target of C$15.47.

Dream Industrial Real Estate Invest Trst Stock Performance

Shares of TSE:DIR.UN traded down C$0.49 during mid-day trading on Thursday, reaching C$13.92. 317,894 shares of the company traded hands, compared to its average volume of 589,303. The company’s 50 day moving average price is C$14.24 and its 200-day moving average price is C$13.60. The firm has a market cap of C$4.00 billion, a PE ratio of 22.10 and a beta of 1.15. Dream Industrial Real Estate Invest Trst has a 52 week low of C$11.78 and a 52 week high of C$14.85. 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 released its 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%. On average, equities analysts expect 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

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.