Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given Average Rating of “Buy” by Brokerages

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has earned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$15.04.

A number of equities analysts have recently commented on DIR.UN shares. Raymond James Financial lifted their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Desjardins lifted their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the company a “buy” rating in a report on Thursday, February 19th. Royal Bank Of Canada lifted their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Finally, TD lifted their target price 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 report on Thursday, May 7th.

Dream Industrial Real Estate Invest Trst Price Performance

Dream Industrial Real Estate Invest Trst stock opened at C$14.04 on Monday. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$11.39 and a fifty-two week high of C$14.41. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40. The company has a market capitalization of C$4.04 billion, a P/E ratio of 22.29 and a beta of 1.15. The stock has a 50-day simple moving average of C$13.59 and a 200-day simple moving average of C$13.06.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share 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 business had revenue of C$130.46 million during the quarter. Equities research analysts expect 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.