Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Raised to C$15.50 at TD

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective upped by TD from C$15.00 to C$15.50 in a research report sent to investors on Thursday morning,BayStreet.CA reports. TD currently has a buy rating on the stock.

Several other equities analysts have also commented on DIR.UN. Raymond James Financial raised their price target on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Desjardins raised their price target on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada raised their price target on Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$15.04.

Dream Industrial Real Estate Invest Trst Stock Performance

DIR.UN stock opened at C$14.06 on Thursday. The firm has a market cap of C$4.05 billion, a price-to-earnings ratio of 24.24 and a beta of 1.10. The company has a quick ratio of 0.25, 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$9.96 and a twelve month high of C$14.06. The business’s fifty day simple moving average is C$13.11 and its two-hundred day simple moving average is C$12.82.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.21 EPS for the quarter. The firm had revenue of C$130.46 million for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. Analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share 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.