Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Cut to C$16.00 by Analysts at National Bankshares

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective reduced by National Bankshares from C$16.50 to C$16.00 in a report released on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently weighed in on DIR.UN. Raymond James boosted their price target on Dream Industrial Real Estate Invest Trst from C$16.00 to C$16.50 and gave the stock an outperform rating in a research report on Monday, January 8th. Laurentian set a C$15.50 target price on Dream Industrial Real Estate Invest Trst and gave the stock a buy rating in a research note on Monday, January 22nd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dream Industrial Real Estate Invest Trst has a consensus rating of Buy and a consensus target price of C$16.17.

Dream Industrial Real Estate Invest Trst Stock Performance

DIR.UN stock opened at C$12.47 on Wednesday. The firm has a market cap of C$3.41 billion, a PE ratio of 34.64 and a beta of 1.23. The business’s 50-day moving average price is C$12.89 and its two-hundred day moving average price is C$13.01. Dream Industrial Real Estate Invest Trst has a 1-year low of C$11.53 and a 1-year high of C$14.96. The company has a current ratio of 0.21, a quick ratio of 0.25 and a debt-to-equity ratio of 63.11.

Dream Industrial Real Estate Invest Trst Company Profile

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT owns and operates a portfolio of 223 geographically diversified light industrial properties comprising approximately 20.2 million square feet of gross leasable area in key markets across Canada and the U.S.