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

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have been assigned an average recommendation of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$15.04.

Separately, 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 stock a “buy” rating in a research report on Thursday, May 7th.

Dream Industrial Real Estate Invest Trst Price Performance

Shares of TSE DIR.UN opened at C$14.73 on Tuesday. 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’s 50-day moving average price is C$14.09 and its 200 day moving average price is C$13.47. Dream Industrial Real Estate Invest Trst has a 52 week low of C$11.39 and a 52 week high of C$14.80. The stock has a market cap of C$4.24 billion, a price-to-earnings ratio of 23.38 and a beta of 1.15.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. The firm had revenue of C$130.46 million for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. As a group, research analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share 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.