Scotiabank Cuts Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target to C$14.00

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its target price reduced by Scotiabank from C$16.00 to C$14.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Separately, Raymond James lowered their price objective on Dream Industrial Real Estate Invest Trst from C$15.75 to C$14.50 in a research report on Monday, January 13th.

Dream Industrial Real Estate Invest Trst Trading Down 5.0 %

Shares of DIR.UN stock opened at C$9.87 on Tuesday. Dream Industrial Real Estate Invest Trst has a 1 year low of C$9.48 and a 1 year high of C$14.65. The company’s fifty day simple moving average is C$11.42 and its two-hundred day simple moving average is C$12.26. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.25. The stock has a market capitalization of C$2.72 billion, a price-to-earnings ratio of 16.18 and a beta of 1.25.

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.