Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Sets New 12-Month High – Here’s Why

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) hit a new 52-week high during trading on Thursday . The company traded as high as C$14.55 and last traded at C$14.48, with a volume of 47744 shares. The stock had previously closed at C$14.35.

Analyst Ratings Changes

Separately, TD lifted their price target 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 note on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$15.04.

Dream Industrial Real Estate Invest Trst Price Performance

The business has a fifty day moving average price of C$14.06 and a 200 day moving average price of C$13.43. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.24. The company has a market capitalization of C$4.21 billion, a price-to-earnings ratio of 23.21 and a beta of 1.15.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$130.46 million during the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. On average, research analysts expect 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.