Scotiabank Downgrades Dream Industrial REIT (TSE:DIR) to Hold

Dream Industrial REIT (TSE:DIR) was downgraded by equities research analysts at Scotiabank from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Dream Industrial REIT Price Performance

Dream Industrial REIT has a twelve month low of C$8.08 and a twelve month high of C$9.49.

Dream Industrial REIT Company Profile

Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.