Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Reaches New 12-Month High – Here’s What Happened

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$14.55 and last traded at C$14.48, with a volume of 47744 shares traded. The stock had previously closed at C$14.35.

Analysts Set New Price Targets

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

Dream Industrial Real Estate Invest Trst Price Performance

The firm has a market cap of C$4.21 billion, a PE ratio of 23.21 and a beta of 1.15. The company has a current ratio of 0.40, a quick ratio of 0.24 and a debt-to-equity ratio of 63.72. The company has a 50 day moving average price of C$14.06 and a 200 day moving average price of C$13.43.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last released its earnings results on Tuesday, May 5th. The company reported C$0.21 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$130.46 million during the quarter. On average, sell-side analysts expect 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.