Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Raised to C$16.75

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its target price lifted by National Bank Financial from C$16.25 to C$16.75 in a research note released on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also issued reports on DIR.UN. Canaccord Genuity Group increased their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the company a “buy” rating in a research note on Thursday. Desjardins boosted their price target on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, TD upped their price target on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the stock a “buy” rating in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$15.47.

Dream Industrial Real Estate Invest Trst Stock Up 0.8%

Shares of TSE DIR.UN opened at C$14.09 on Thursday. Dream Industrial Real Estate Invest Trst has a 12-month low of C$11.81 and a 12-month high of C$14.85. The company has a market cap of C$3.95 billion, a P/E ratio of 22.37 and a beta of 1.15. The company has a current ratio of 0.40, a quick ratio of 0.24 and a debt-to-equity ratio of 63.72. The stock has a fifty day moving average price of C$14.24 and a 200 day moving average price of C$13.60.

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 EPS for the quarter. The company had revenue of C$131.42 million for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. Research analysts anticipate that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS 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.