Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given New C$9.00 Price Target at Eight Capital
Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective lifted by Eight Capital from C$8.00 to C$9.00 in a report published on Wednesday. Eight Capital currently has a neutral rating on the stock.
A number of other research firms have also recently commented on DIR.UN. Canaccord Genuity upgraded shares of Dream Industrial Real Estate Invest Trst from a hold rating to a buy rating and increased their price target for the company from C$8.75 to C$10.00 in a report on Tuesday, July 11th. Scotiabank reiterated a sector perform rating and set a C$8.50 price target on shares of Dream Industrial Real Estate Invest Trst in a report on Wednesday, May 3rd. Finally, TD Securities increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$8.00 to C$8.50 and gave the company a hold rating in a report on Wednesday, May 3rd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Dream Industrial Real Estate Invest Trst currently has a consensus rating of Hold and an average price target of C$9.21.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 15th will be given a dividend of $0.0583 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.70 dividend on an annualized basis and a yield of Infinity.
About Dream Industrial Real Estate Invest Trst
Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.
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