Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Sets New 52-Week High – Here’s Why

Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$14.83 and last traded at C$14.80, with a volume of 417496 shares traded. The stock had previously closed at C$14.73.

Wall Street Analysts Forecast Growth

Separately, TD raised their price target 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 research report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$15.04.

View Our Latest Research Report on DIR.UN

Dream Industrial Real Estate Invest Trst Trading Down 1.7%

The firm has a market capitalization of C$4.16 billion, a P/E ratio of 22.94 and a beta of 1.15. The business’s 50 day moving average is C$14.14 and its two-hundred day moving average is C$13.51. The company has a quick ratio of 0.24, a current ratio of 0.40 and a debt-to-equity ratio of 63.72.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share (EPS) 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 company had revenue of C$130.46 million for the quarter. Analysts expect that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current year.

About Dream Industrial Real Estate Invest Trst

(Get Free Report)

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.

Further Reading

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