Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Has Consensus Price Target of C$15.47 According to Brokerages

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have received an average rating of “Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$15.47.

A number of equities analysts have commented on the stock. Desjardins lifted their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. TD boosted their target price on shares of 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, August 6th. Canaccord Genuity Group upped their target price on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, National Bank Financial increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$16.25 to C$16.75 and gave the company an “outperform” rating in a report on Thursday, August 6th.

Dream Industrial Real Estate Invest Trst Stock Performance

TSE:DIR.UN opened at C$12.71 on Friday. The company has a market cap of C$3.66 billion, a price-to-earnings ratio of 21.99 and a beta of 1.13. Dream Industrial Real Estate Invest Trst has a 1 year low of C$11.81 and a 1 year high of C$14.85. The stock’s 50 day simple moving average is C$13.34 and its two-hundred day simple moving average is C$13.68. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.24.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its earnings results on Tuesday, August 4th. The company reported C$0.11 EPS for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. The firm had revenue of C$131.42 million during the quarter. As a group, equities analysts anticipate that Dream Industrial Real Estate Invest Trst will post 0.89 earnings per share 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.