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

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$14.45 and last traded at C$14.26, with a volume of 12325 shares traded. The stock had previously closed at C$14.42.

Analyst Ratings Changes

Separately, TD lifted 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 research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$15.04.

Dream Industrial Real Estate Invest Trst Trading Down 1.5%

The firm has a market capitalization of C$4.09 billion, a price-to-earnings ratio of 22.56 and a beta of 1.15. The business’s 50-day simple moving average is C$13.93 and its two-hundred day simple moving average is C$13.25. The company has a quick ratio of 0.24, 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 results on Tuesday, May 5th. The company reported C$0.21 earnings per share (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%. Equities analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share 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.