Brokerages Set Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) PT at C$15.47

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has earned a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is C$15.47.

A number of analysts have recently issued reports on the company. TD lifted their price target 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 report 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 stock a “buy” rating in a research report on Thursday, August 6th. National Bank Financial raised their target price 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 note on Thursday, August 6th. Finally, Desjardins lifted their target price 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.

Dream Industrial Real Estate Invest Trst Price Performance

TSE:DIR.UN opened at C$13.90 on Friday. Dream Industrial Real Estate Invest Trst has a 52-week low of C$11.81 and a 52-week high of C$14.85. The stock has a fifty day moving average of C$14.23 and a 200 day moving average of C$13.67. 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 firm has a market capitalization of C$3.90 billion, a price-to-earnings ratio of 24.05 and a beta of 1.15.

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

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.