Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Lowered to C$16.00 at Raymond James

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective lowered by equities research analysts at Raymond James from C$16.50 to C$16.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 29.55% from the company’s previous close.

A number of other research firms have also recently commented on DIR.UN. Laurentian set a C$15.50 price target on Dream Industrial Real Estate Invest Trst and gave the stock a “buy” rating in a report on Monday, January 22nd. National Bankshares reduced their price target on Dream Industrial Real Estate Invest Trst from C$16.50 to C$16.00 and set an “outperform” rating for the company in a report on Wednesday. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Dream Industrial Real Estate Invest Trst has a consensus rating of “Buy” and an average target price of C$16.17.

Dream Industrial Real Estate Invest Trst Price Performance

Shares of TSE DIR.UN opened at C$12.35 on Wednesday. The stock has a market capitalization of C$3.38 billion, a price-to-earnings ratio of 34.31 and a beta of 1.23. The business has a 50-day moving average of C$12.91 and a 200-day moving average of C$13.02. The company has a debt-to-equity ratio of 63.11, a current ratio of 0.21 and a quick ratio of 0.25. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$11.53 and a fifty-two week high of C$14.96.

Dream Industrial Real Estate Invest Trst Company Profile

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.