Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given New C$15.00 Price Target at Raymond James Financial

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective lifted by research analysts at Raymond James Financial from C$14.75 to C$15.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 13.38% from the stock’s current price.

Other research analysts have also issued reports about the company. BMO Capital Markets increased their price objective on Dream Industrial Real Estate Invest Trst from C$13.00 to C$14.00 in a research report on Monday, November 10th. National Bank Financial lifted their price objective on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Finally, TD Securities upped their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the company a “buy” rating in a research report on Thursday, December 18th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$14.68.

Dream Industrial Real Estate Invest Trst Price Performance

Shares of TSE DIR.UN traded down C$0.12 during trading on Thursday, reaching C$13.23. The company had a trading volume of 366,246 shares, compared to its average volume of 606,993. Dream Industrial Real Estate Invest Trst has a 52 week low of C$9.48 and a 52 week high of C$13.62. The business’s 50 day moving average price is C$12.91 and its 200-day moving average price is C$12.49. The stock has a market cap of C$3.88 billion, a PE ratio of 15.43 and a beta of 1.02. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40.

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.