Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives C$14.82 Consensus Target Price from Analysts

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have been given an average rating of “Moderate Buy” by the six research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$14.82.

A number of equities analysts have weighed in on DIR.UN shares. TD Securities lifted their price objective on Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the company a “buy” rating in a research note on Thursday, December 18th. Royal Bank Of Canada raised their target price on Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. National Bank Financial lifted their price target on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the company an “outperform” rating in a research report on Friday, December 19th. Raymond James Financial boosted their price target on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Finally, Desjardins upped their price objective on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a research report on Thursday, February 19th.

Dream Industrial Real Estate Invest Trst Stock Down 1.0%

TSE:DIR.UN opened at C$12.35 on Friday. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.25. The company’s fifty day moving average price is C$13.02 and its 200-day moving average price is C$12.61. Dream Industrial Real Estate Invest Trst has a 1-year low of C$9.48 and a 1-year high of C$13.62. The firm has a market capitalization of C$3.60 billion, a P/E ratio of 21.29 and a beta of 1.06.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its earnings results on Tuesday, February 17th. The company reported C$0.10 earnings per share (EPS) for the quarter. The company had revenue of C$131.66 million during the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. As a group, equities research analysts anticipate that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current year.

About Dream Industrial Real Estate Invest Trst

Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. Its portfolio comprises industrial properties located in key markets across Canada and the U.S. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.