Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given Average Recommendation of “Buy” by Analysts

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$15.04.

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

Dream Industrial Real Estate Invest Trst Stock Performance

Shares of DIR.UN opened at C$14.04 on Monday. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.25. Dream Industrial Real Estate Invest Trst has a one year low of C$11.39 and a one year high of C$14.41. The company has a 50-day simple moving average of C$13.59 and a two-hundred day simple moving average of C$13.05. The firm has a market capitalization of C$4.04 billion, a PE ratio of 22.29 and a beta of 1.15.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.21 EPS for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. The business had revenue of C$130.46 million during the quarter. On average, analysts anticipate 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.