Canaccord Genuity Downgrades Dream Industrial Real Estate Invest Trst (DIR.UN) to Hold

Canaccord Genuity lowered shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) from a buy rating to a hold rating in a research note released on Monday morning.

Other equities research analysts also recently issued research reports about the company. CIBC lifted their target price on Dream Industrial Real Estate Invest Trst from C$9.00 to C$9.50 in a report on Thursday, August 10th. TD Securities lifted their target price on Dream Industrial Real Estate Invest Trst from C$8.50 to C$9.00 and gave the stock a hold rating in a report on Thursday, August 10th. Eight Capital boosted their price target on Dream Industrial Real Estate Invest Trst from C$8.00 to C$9.00 and gave the company a neutral rating in a report on Wednesday, July 26th. Scotiabank boosted their price target on Dream Industrial Real Estate Invest Trst from C$8.75 to C$9.25 and gave the company a sector perform rating in a report on Tuesday, August 15th. Finally, National Bank Financial boosted their price target on Dream Industrial Real Estate Invest Trst from C$8.75 to C$9.25 and gave the company a sector perform rating in a report on Monday, July 31st. Five investment analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and a consensus price target of C$9.33.

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The business also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 15th will be issued a $0.0583 dividend. This represents a $0.70 dividend on an annualized basis and a yield of Infinity. The ex-dividend date of this dividend is Monday, October 30th.

About Dream Industrial Real Estate Invest Trst

Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.

Analyst Recommendations for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)

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