TD Raises Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target to C$15.50

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its target price upped by research analysts at TD from C$15.00 to C$15.50 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s target price points to a potential upside of 9.31% from the company’s previous close.

A number of other equities analysts have also commented on the company. Royal Bank Of Canada lifted their price objective on Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Raymond James Financial lifted their price objective on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, Desjardins lifted their price objective on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, Dream Industrial Real Estate Invest Trst presently has an average rating of “Buy” and a consensus price target of C$15.04.

Dream Industrial Real Estate Invest Trst Price Performance

Dream Industrial Real Estate Invest Trst stock opened at C$14.18 on Thursday. The stock’s 50 day moving average is C$13.11 and its 200 day moving average is C$12.82. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.25. The firm has a market cap of C$4.08 billion, a P/E ratio of 24.45 and a beta of 1.10. Dream Industrial Real Estate Invest Trst has a one year low of C$10.02 and a one year high of C$14.32.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$130.46 million for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. As a group, research 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.