Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Sets New 52-Week High – Still a Buy?

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$14.45 and last traded at C$14.26, with a volume of 12325 shares trading hands. The stock had previously closed at C$14.42.

Analyst Ratings Changes

Separately, TD boosted their target price on Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$15.04.

Get Our Latest Report on DIR.UN

Dream Industrial Real Estate Invest Trst Stock Performance

The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.24 and a current ratio of 0.40. The firm’s 50-day moving average price is C$13.93 and its two-hundred day moving average price is C$13.25. The stock has a market cap of C$4.09 billion, a price-to-earnings ratio of 22.56 and a beta of 1.15.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. The firm had revenue of C$130.46 million during the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. On average, analysts expect that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current fiscal year.

Dream Industrial Real Estate Invest Trst Company Profile

(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.

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