National Bankshares Issues Positive Forecast for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its target price raised by analysts at National Bankshares from C$14.50 to C$15.75 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 25.20% from the company’s previous close.

Several other equities analysts also recently issued reports on DIR.UN. BMO Capital Markets increased their price objective on shares of Dream Industrial Real Estate Invest Trst from C$13.00 to C$14.00 in a report on Monday, November 10th. TD Securities upped their price target on shares of 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 Thursday. Finally, Desjardins raised their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the company a “buy” rating in a research note on Monday, October 6th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Dream Industrial Real Estate Invest Trst currently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.36.

Dream Industrial Real Estate Invest Trst Price Performance

DIR.UN traded down C$0.05 during trading on Friday, hitting C$12.58. The company’s stock had a trading volume of 203,807 shares, compared to its average volume of 572,691. The firm has a market capitalization of C$3.68 billion, a price-to-earnings ratio of 14.67 and a beta of 1.17. Dream Industrial Real Estate Invest Trst has a twelve month low of C$9.48 and a twelve month high of C$12.81. The business’s fifty day simple moving average is C$12.24 and its 200 day simple moving average is C$12.09. 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 (TSE:DIR.UN) last announced its earnings results on Tuesday, November 4th. The company reported C$0.16 earnings per share for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%.The business had revenue of C$126.62 million during the quarter. On average, equities research analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current fiscal 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.