Dream Industrial Real Estate Investment Trust (OTCMKTS:DREUF) Shares Climb 1.4% – Time to Buy?

Dream Industrial Real Estate Investment Trust (OTCMKTS:DREUF) shares traded up 1.4% on Friday. The company traded as high as $9.34 and last traded at $9.34. Approximately 519,357 shares traded hands during mid-day trading, an increase of 714% from the average daily volume of 63,804 shares. The stock had previously closed at $9.2080.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DREUF. TD Securities reaffirmed a “buy” rating on shares of Dream Industrial Real Estate Investment Trust in a research note on Thursday, August 6th. Raymond James Financial reaffirmed an “outperform” rating on shares of Dream Industrial Real Estate Investment Trust in a report on Friday, October 2nd. Scotiabank reiterated an “outperform” rating on shares of Dream Industrial Real Estate Investment Trust in a research report on Tuesday, July 7th. Royal Bank Of Canada reissued an “outperform” rating on shares of Dream Industrial Real Estate Investment Trust in a research note on Monday, August 10th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Dream Industrial Real Estate Investment Trust in a research note on Monday, August 10th. Six research analysts have rated the stock with a Buy rating. According to MarketBeat, the company has an average rating of “Buy”.

Dream Industrial Real Estate Investment Trust Stock Up 1.4%

The firm’s fifty day moving average price is $9.35 and its 200-day moving average price is $9.82.

About Dream Industrial Real Estate Investment Trust

Dream Industrial Real Estate Investment Trust is a Canadian, publicly traded real estate investment trust focused on owning, operating and expanding a portfolio of industrial properties. The trust’s portfolio is designed to serve businesses involved in logistics, distribution, manufacturing, warehousing and other industrial activities.

Its properties generally include urban logistics facilities, distribution centers, light-industrial buildings and other functional industrial assets. Dream Industrial provides space to a diverse group of commercial tenants and seeks to generate rental income through leasing, property management and the ongoing optimization of its real estate portfolio.

Established in 2012, the trust has expanded beyond its original Canadian portfolio and serves industrial real estate markets in Canada, the United States and Europe.