Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives Average Rating of “Buy” from Brokerages

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have earned an average recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$15.04.

Several brokerages have commented on DIR.UN. Desjardins upped their price target on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a research note on Thursday, February 19th. TD upped their price target on Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Raymond James Financial upped their price target on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada upped their price target on Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd.

Dream Industrial Real Estate Invest Trst Stock Performance

Dream Industrial Real Estate Invest Trst stock opened at C$13.73 on Thursday. The firm has a market capitalization of C$3.95 billion, a P/E ratio of 21.79 and a beta of 1.10. The stock has a fifty day moving average price of C$13.17 and a 200 day moving average price of C$12.86. Dream Industrial Real Estate Invest Trst has a 52 week low of C$10.43 and a 52 week high of C$14.41. 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 released its 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 during the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. Equities research analysts anticipate that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current 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. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.