Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Raised to C$12.50

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective lifted by equities research analysts at CIBC from C$12.00 to C$12.50 in a report released on Friday, BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 2.04% from the stock’s previous close.

Several other brokerages have also recently commented on DIR.UN. Desjardins reissued an “average” rating and set a C$11.75 target price on shares of Dream Industrial Real Estate Invest Trst in a report on Thursday, February 14th. National Bank Financial set a C$11.50 target price on Dream Industrial Real Estate Invest Trst and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Scotiabank reissued an “average” rating and set a C$11.75 target price on shares of Dream Industrial Real Estate Invest Trst in a report on Thursday, February 21st. Canaccord Genuity boosted their target price on Dream Industrial Real Estate Invest Trst from C$11.25 to C$12.25 in a report on Thursday, February 21st. Finally, TD Securities boosted their target price on Dream Industrial Real Estate Invest Trst from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Friday, February 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Dream Industrial Real Estate Invest Trst presently has an average rating of “Buy” and a consensus price target of C$12.17.

Shares of TSE DIR.UN traded up C$0.11 during midday trading on Friday, hitting C$12.25. 251,435 shares of the company’s stock were exchanged, compared to its average volume of 211,198. Dream Industrial Real Estate Invest Trst has a twelve month low of C$8.08 and a twelve month high of C$9.49.

Dream Industrial Real Estate Invest Trst Company Profile

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT owns and operates a portfolio of 223 geographically diversified light industrial properties comprising approximately 20.2 million square feet of gross leasable area in key markets across Canada and the U.S.

Further Reading: Cost of Capital

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

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