Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Reaches New 52-Week High – Time to Buy?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$14.45 and last traded at C$14.44, with a volume of 199217 shares. The stock had previously closed at C$14.29.

Analyst Upgrades and Downgrades

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

Dream Industrial Real Estate Invest Trst Trading Up 0.9%

The business’s 50 day moving average price is C$13.98 and its 200-day moving average price is C$13.34. 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 company has a market cap of C$4.15 billion, a price-to-earnings ratio of 22.89 and a beta of 1.15.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.21 EPS 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, equities 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.