Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Raised to C$14.50

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective hoisted by TD Securities from C$14.00 to C$14.50 in a research note released on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. National Bankshares upped their price objective on Dream Industrial Real Estate Invest Trst from C$13.25 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Desjardins upped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, BMO Capital Markets boosted their target price on Dream Industrial Real Estate Invest Trst from C$13.00 to C$14.00 in a research note on Monday, November 10th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$14.36.

Dream Industrial Real Estate Invest Trst Stock Down 0.2%

Shares of TSE DIR.UN opened at C$12.61 on Thursday. Dream Industrial Real Estate Invest Trst has a 1 year low of C$9.48 and a 1 year high of C$12.81. The firm’s 50-day moving average is C$12.25 and its 200-day moving average is C$12.10. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72. The firm has a market capitalization of C$3.69 billion, a PE ratio of 14.71 and a beta of 1.17.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$0.16 earnings per share (EPS) for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. The firm had revenue of C$126.62 million for the quarter. Equities analysts expect that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS 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.