Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$14.82.

Several research analysts have recently weighed in on the stock. Desjardins lifted their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Raymond James Financial upped their price target on shares of 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. Royal Bank Of Canada raised their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. TD Securities lifted their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Finally, National Bank Financial boosted their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the company an “outperform” rating in a research note on Friday, December 19th.

Dream Industrial Real Estate Invest Trst Price Performance

TSE DIR.UN opened at C$12.55 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72. Dream Industrial Real Estate Invest Trst has a 1 year low of C$9.48 and a 1 year high of C$13.62. The company has a market cap of C$3.66 billion, a PE ratio of 21.64 and a beta of 1.06. The stock’s 50-day moving average price is C$13.07 and its two-hundred day moving average price is C$12.61.

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.