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

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$15.04.

Separately, TD upped their price target on 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.

Dream Industrial Real Estate Invest Trst Price Performance

Shares of Dream Industrial Real Estate Invest Trst stock opened at C$13.99 on Friday. The company has a market cap of C$4.02 billion, a PE ratio of 22.21 and a beta of 1.15. The business has a 50 day moving average of C$13.94 and a 200 day moving average of C$13.28. Dream Industrial Real Estate Invest Trst has a 52 week low of C$11.39 and a 52 week high of C$14.45. The company has a quick ratio of 0.25, a current ratio of 0.40 and a debt-to-equity ratio of 63.72.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share for the quarter. The company 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, equities research analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current 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.