Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given Consensus Rating of “Buy” by Analysts

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have been given a consensus recommendation of “Buy” by the six research firms that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is C$15.04.

A number of brokerages recently issued reports on DIR.UN. Desjardins lifted their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the company a “buy” rating in a research report on Thursday, February 19th. TD lifted their price target on shares of Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Raymond James Financial lifted their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada lifted their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd.

Dream Industrial Real Estate Invest Trst Stock Performance

DIR.UN opened at C$14.02 on Monday. The stock has a market cap of C$4.03 billion, a PE ratio of 22.25 and a beta of 1.10. The company has a quick ratio of 0.25, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. The business has a 50 day moving average of C$13.45 and a 200-day moving average of C$13.00. Dream Industrial Real Estate Invest Trst has a 52 week low of C$11.05 and a 52 week high of C$14.41.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last released its earnings results on Tuesday, May 5th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$130.46 million during the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. Equities research analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current fiscal year.

Dream Industrial Real Estate Invest Trst Company Profile

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.