Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Raised to C$16.00 at TD

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective lifted by equities researchers at TD from C$15.50 to C$16.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target would indicate a potential upside of 14.94% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Canaccord Genuity Group increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the company a “buy” rating in a research report on Thursday. Desjardins upped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a “buy” rating in a research note on Thursday. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$15.47.

Dream Industrial Real Estate Invest Trst Trading Down 3.4%

DIR.UN stock traded down C$0.49 during trading on Thursday, hitting C$13.92. 317,894 shares of the company traded hands, compared to its average volume of 589,303. The company has a 50-day moving average of C$14.24 and a 200-day moving average of C$13.60. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.24 and a current ratio of 0.40. Dream Industrial Real Estate Invest Trst has a 1 year low of C$11.78 and a 1 year high of C$14.85. The firm has a market capitalization of C$4.00 billion, a PE ratio of 22.10 and a beta of 1.15.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last released its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 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 firm had revenue of C$131.42 million during the quarter. Analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share 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.