Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Hits New 52-Week High at $13.78


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Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) hit a new 52-week high on Thursday . The stock traded as high as C$13.78 and last traded at C$13.75, with a volume of 53151 shares trading hands. The stock had previously closed at C$13.62.

Several research analysts have weighed in on the company. CIBC lifted their target price on Dream Industrial Real Estate Invest Trst from C$14.25 to C$14.50 and gave the company an “outperform” rating in a research note on Friday, February 19th. Raymond James raised their price target on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Friday, February 19th. Canaccord Genuity raised their price target on Dream Industrial Real Estate Invest Trst from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Friday, February 19th. TD Securities raised their price target on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.00 and gave the company a “buy” rating in a report on Friday, February 19th. Finally, Scotiabank raised their price target on Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.75 in a report on Friday, February 19th. Six investment analysts have rated the stock with a buy rating, Dream Industrial Real Estate Invest Trst currently has an average rating of “Buy” and a consensus target price of C$14.57.

The company has a market capitalization of C$2.38 billion and a price-to-earnings ratio of 10.44. The stock has a fifty day moving average price of C$13.29 and a two-hundred day moving average price of C$12.65. The company has a quick ratio of 1.46, a current ratio of 1.48 and a debt-to-equity ratio of 66.99.

Dream Industrial Real Estate Invest Trst Company Profile (TSE:DIR.UN)

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.

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