Dream Industrial Real Estate Invest Trst (DIR.UN) Upgraded at Canaccord Genuity
Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) was upgraded by stock analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a C$10.00 price objective on the stock, up from their previous price objective of C$8.75.
Other analysts also recently issued research reports about the company. Scotiabank restated a “sector perform” rating and issued a C$8.50 target price on shares of Dream Industrial Real Estate Invest Trst in a research report on Wednesday, May 3rd. TD Securities boosted their target price on Dream Industrial Real Estate Invest Trst from C$8.00 to C$8.50 and gave the stock a “hold” rating in a research report on Wednesday, May 3rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Dream Industrial Real Estate Invest Trst presently has a consensus rating of “Hold” and a consensus target price of C$9.25.
The company also recently declared a monthly dividend, which will be paid on Saturday, July 15th. Investors of record on Saturday, July 15th will be paid a $0.0583 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.70 annualized dividend and a yield of Infinity.
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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.
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