Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Raised to C$16.50

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective hoisted by Canaccord Genuity Group from C$15.50 to C$16.50 in a report issued on Thursday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities analysts have also issued reports on the stock. Desjardins lifted 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 report on Thursday. 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. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$15.47.

Dream Industrial Real Estate Invest Trst Stock Up 0.8%

Shares of Dream Industrial Real Estate Invest Trst stock opened at C$14.09 on Thursday. The firm’s 50 day moving average price is C$14.24 and its 200-day moving average price is C$13.60. 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 has a 52-week low of C$11.81 and a 52-week high of C$14.85. The company has a market cap of C$3.95 billion, a P/E ratio of 22.37 and a beta of 1.15.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 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 firm had revenue of C$131.42 million during the quarter. On average, sell-side analysts predict 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.