Analysts Set Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Target Price at C$16.28

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have been given a consensus recommendation of “Buy” by the seven research firms that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$16.28.

Several research firms have weighed in on DIR.UN. Laurentian set a C$15.50 target price on shares of Dream Industrial Real Estate Invest Trst and gave the company a “buy” rating in a report on Monday, January 22nd. National Bankshares upped their price objective on Dream Industrial Real Estate Invest Trst from C$16.00 to C$16.50 and gave the company an “outperform” rating in a report on Monday, January 29th. Finally, Raymond James raised their target price on Dream Industrial Real Estate Invest Trst from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a research note on Monday, January 8th.

Dream Industrial Real Estate Invest Trst Stock Down 0.5 %

DIR.UN stock opened at C$12.59 on Friday. The company has a market cap of C$3.44 billion, a price-to-earnings ratio of 34.97 and a beta of 1.23. The firm has a 50-day moving average of C$12.93 and a two-hundred day moving average of C$13.02. Dream Industrial Real Estate Invest Trst has a 12 month low of C$11.53 and a 12 month high of C$15.10. The company has a current ratio of 0.21, a quick ratio of 0.25 and a debt-to-equity ratio of 63.11.

About Dream Industrial Real Estate Invest Trst

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT owns and operates a portfolio of 223 geographically diversified light industrial properties comprising approximately 20.2 million square feet of gross leasable area in key markets across Canada and the U.S.