Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Sets New 1-Year High – Here’s What Happened

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$14.85 and last traded at C$14.79, with a volume of 195565 shares traded. The stock had previously closed at C$14.58.

Analyst Upgrades and Downgrades

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

Dream Industrial Real Estate Invest Trst Trading Down 1.2%

The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.24 and a current ratio of 0.40. The company has a market cap of C$4.15 billion, a price-to-earnings ratio of 22.90 and a beta of 1.15. The company’s fifty day moving average is C$14.22 and its two-hundred day moving average is C$13.56.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$130.46 million for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. On average, research analysts anticipate that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current year.

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.