Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives Average Recommendation of “Hold” from Brokerages
Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$9.25.
DIR.UN has been the subject of several research reports. Scotiabank restated a “sector perform” rating and issued a C$8.50 price objective on shares of Dream Industrial Real Estate Invest Trst in a report on Wednesday, April 19th. TD Securities upped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$8.00 to C$8.50 and gave the stock a “hold” rating in a report on Wednesday, May 3rd. Finally, Canaccord Genuity upgraded shares of Dream Industrial Real Estate Invest Trst from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$8.75 to C$10.00 in a report on Tuesday.
The firm also recently announced a monthly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Saturday, July 15th will be given a $0.0583 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date is Wednesday, June 28th.
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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