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

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have received an average rating of “Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$15.04.

Separately, TD increased their price objective 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 note on Thursday, May 7th.

Dream Industrial Real Estate Invest Trst Price Performance

Shares of DIR.UN stock opened at C$14.10 on Friday. The company has a market capitalization of C$4.06 billion, a PE ratio of 22.38 and a beta of 1.15. The firm has a fifty day simple moving average of C$13.91 and a 200-day simple moving average of C$13.23. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72. Dream Industrial Real Estate Invest Trst has a twelve month low of C$11.39 and a twelve month high of C$14.44.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. The firm had revenue of C$130.46 million for the quarter. Equities research analysts anticipate 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.