Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Sets New 1-Year High – Should You Buy?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$14.44 and last traded at C$14.38, with a volume of 266876 shares traded. The stock had previously closed at C$14.20.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Desjardins lifted their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a report on Thursday, February 19th. TD raised their price objective 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 note on Thursday, May 7th. Raymond James Financial raised their price objective on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada raised their price objective on Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Dream Industrial Real Estate Invest Trst currently has an average rating of “Buy” and a consensus price target of C$15.04.

Dream Industrial Real Estate Invest Trst Price Performance

The business’s 50-day simple moving average is C$13.73 and its 200-day simple moving average is C$13.11. The stock has a market cap of C$4.10 billion, a PE ratio of 22.62 and a beta of 1.15. The company has a quick ratio of 0.25, a current ratio of 0.40 and a debt-to-equity ratio of 63.72.

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 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$130.46 million for the quarter. On average, research analysts expect that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current fiscal 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.