Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Raised to C$14.50

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective boosted by analysts at TD Securities from C$14.00 to C$14.50 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 14.53% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Desjardins lifted their target price on Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research report on Monday, October 6th. National Bankshares increased their target price on shares of Dream Industrial Real Estate Invest Trst from C$13.25 to C$14.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, BMO Capital Markets boosted their price target on Dream Industrial Real Estate Invest Trst from C$13.00 to C$14.00 in a research report on Monday, November 10th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.11.

Dream Industrial Real Estate Invest Trst Stock Up 0.7%

TSE:DIR.UN traded up C$0.09 during midday trading on Thursday, reaching C$12.66. The company had a trading volume of 226,567 shares, compared to its average volume of 573,421. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72. The firm has a market capitalization of C$3.70 billion, a price-to-earnings ratio of 14.76 and a beta of 1.17. The stock’s fifty day simple moving average is C$12.23 and its 200-day simple moving average is C$12.08. Dream Industrial Real Estate Invest Trst has a 12-month low of C$9.48 and a 12-month high of C$12.81.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$0.16 earnings per share for the quarter. The business had revenue of C$126.62 million for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. On average, sell-side 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.