Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has been assigned an average recommendation of “Hold” from the seven brokerages that are covering the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$9.17.

A number of research firms recently commented on DIR.UN. National Bank Financial lowered their price objective on shares of Dream Industrial Real Estate Invest Trst from C$9.25 to C$9.00 in a research report on Friday, August 19th. BMO Capital Markets restated a “market perform” rating on shares of Dream Industrial Real Estate Invest Trst in a research report on Friday, August 12th. TD Securities restated a “hold” rating and issued a C$8.00 price objective on shares of Dream Industrial Real Estate Invest Trst in a research report on Thursday, August 11th. Dundee Securities upped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$9.50 to C$10.50 and gave the company a “neutral” rating in a research report on Thursday, August 11th. Finally, CIBC lowered their price objective on shares of Dream Industrial Real Estate Invest Trst from C$9.50 to C$9.25 in a research report on Thursday, August 11th.

The business also recently announced a monthly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were paid a $0.0583 dividend. This represents a $0.70 dividend on an annualized basis and a yield of Infinity. The ex-dividend date of this dividend was Monday, August 29th.

Dream Industrial Real Estate Invest Trst Company Profile

Dream Industrial Real Estate Investment Trust, formerly Dundee Industrial REIT, is an open-ended investment trust. The Trust’s objectives are managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a real estate investment trust (REIT) that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.

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