Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Posts Quarterly Earnings Results

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) announced its earnings results on Tuesday. The company reported C$0.21 EPS for the quarter, FiscalAI reports. 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.

Dream Industrial Real Estate Invest Trst Stock Down 1.0%

Shares of Dream Industrial Real Estate Invest Trst stock opened at C$13.59 on Wednesday. Dream Industrial Real Estate Invest Trst has a one year low of C$9.96 and a one year high of C$14.06. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.25. The stock’s 50-day moving average is C$13.08 and its 200 day moving average is C$12.79. The firm has a market cap of C$3.91 billion, a price-to-earnings ratio of 23.43 and a beta of 1.10.

Analysts Set New Price Targets

Several brokerages recently commented on DIR.UN. Royal Bank Of Canada upped their target price on Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Raymond James Financial upped their target price on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Finally, Desjardins upped their target price on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the company a “buy” rating in a research report on Thursday, February 19th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Dream Industrial Real Estate Invest Trst currently has a consensus rating of “Buy” and an average target price of C$14.96.

Dream Industrial Real Estate Invest Trst Company Profile

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.