Analysts Set Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) PT at C$15.04

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has received a consensus recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have updated their coverage 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 stock a “buy” rating in a research report on Thursday, May 7th.

Dream Industrial Real Estate Invest Trst Stock Performance

TSE:DIR.UN opened at C$14.65 on Tuesday. The company has a fifty day moving average of C$14.16 and a 200-day moving average of C$13.52. The firm has a market capitalization of C$4.21 billion, a P/E ratio of 23.25 and a beta of 1.15. The company has a quick ratio of 0.24, a current ratio of 0.40 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$14.84.

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 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 business had revenue of C$130.46 million during the quarter. As a group, sell-side 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.