Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Reaches 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 Monday . The stock traded as high as C$12.83 and last traded at C$12.81, with a volume of 182080 shares trading hands. The stock had previously closed at C$12.62.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DIR.UN. National Bankshares upped their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the stock an “outperform” rating in a report on Friday, December 19th. BMO Capital Markets boosted their price objective on Dream Industrial Real Estate Invest Trst from C$13.00 to C$14.00 in a research report on Monday, November 10th. Desjardins increased their target price on Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, TD Securities lifted their target price on Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the company a “buy” rating in a research note on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$14.36.

Dream Industrial Real Estate Invest Trst Price Performance

The firm’s 50-day moving average price is C$12.32 and its 200-day moving average price is C$12.17. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72. The stock has a market capitalization of C$3.80 billion, a PE ratio of 15.10 and a beta of 1.24.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$0.16 EPS for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%.The company had revenue of C$126.62 million during the quarter. On average, equities analysts forecast 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.