Canaccord Genuity Group Issues Positive Forecast for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price target upped by analysts at Canaccord Genuity Group from C$15.50 to C$16.50 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 18.53% from the stock’s previous close.

DIR.UN has been the topic of a number of other research reports. TD raised their target price 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 note on Thursday, May 7th. Desjardins upped their price target 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 report on Thursday. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Dream Industrial Real Estate Invest Trst has an average rating of “Buy” and an average price target of C$15.47.

Dream Industrial Real Estate Invest Trst Trading Down 3.4%

Shares of TSE:DIR.UN traded down C$0.49 during trading on Thursday, reaching C$13.92. 317,894 shares of the stock were exchanged, compared to its average volume of 589,303. The firm’s 50-day moving average price is C$14.24 and its 200 day moving average price is C$13.60. The firm has a market cap of C$4.00 billion, a price-to-earnings ratio of 22.10 and a beta of 1.15. Dream Industrial Real Estate Invest Trst has a 12-month low of C$11.78 and a 12-month high of C$14.85. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.24 and a current ratio of 0.40.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$0.11 EPS for the quarter. The firm had revenue of C$131.42 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 anticipate that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share 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.