Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given Consensus Recommendation of “Buy” by Analysts

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have received a consensus rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$15.47.

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

Dream Industrial Real Estate Invest Trst Stock Performance

DIR.UN stock opened at C$12.81 on Wednesday. The firm has a 50 day moving average of C$13.99 and a two-hundred day moving average of C$13.70. Dream Industrial Real Estate Invest Trst has a 12 month low of C$11.81 and a 12 month high of C$14.85. The company has a market capitalization of C$3.59 billion, a price-to-earnings ratio of 22.16 and a beta of 1.10. The company has a quick ratio of 0.24, a current ratio of 0.40 and a debt-to-equity ratio of 63.72.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last released its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 earnings per share (EPS) for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. The business 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 0.892928 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.