Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Sets New 1-Year High – Should You Buy?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$14.44 and last traded at C$14.38, with a volume of 266876 shares trading hands. The stock had previously closed at C$14.20.

Analyst Ratings Changes

Several brokerages recently issued reports on DIR.UN. Royal Bank Of Canada boosted their price target on shares of 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. Desjardins boosted their price target on shares of 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. Raymond James Financial boosted 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. Finally, TD boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$15.04.

Dream Industrial Real Estate Invest Trst Trading Up 0.4%

The firm has a market cap of C$4.10 billion, a PE ratio of 22.62 and a beta of 1.15. The company has a quick ratio of 0.25, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. The stock’s fifty day simple moving average is C$13.73 and its two-hundred day simple moving average is C$13.11.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$130.46 million for 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, sell-side analysts forecast 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

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.