Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Announces Earnings Results

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) posted its quarterly earnings results on Tuesday. The company reported C$0.11 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$131.42 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%.

Dream Industrial Real Estate Invest Trst Stock Performance

Shares of Dream Industrial Real Estate Invest Trst stock traded down C$0.28 on Thursday, hitting C$14.13. The stock had a trading volume of 52,836 shares, compared to its average volume of 587,633. The stock has a market cap of C$4.06 billion, a price-to-earnings ratio of 22.43 and a beta of 1.15. The company has a quick ratio of 0.24, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. Dream Industrial Real Estate Invest Trst has a twelve month low of C$11.78 and a twelve month high of C$14.85. The business’s 50 day moving average is C$14.24 and its two-hundred day moving average is C$13.60.

Wall Street Analysts Forecast Growth

Separately, TD increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Dream Industrial Real Estate Invest Trst presently has an average rating of “Buy” and an average target price of C$15.04.

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.