Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Hits New 12-Month High – Should You Buy?

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) hit a new 52-week high during trading on Tuesday . The company traded as high as C$14.45 and last traded at C$14.44, with a volume of 199217 shares trading hands. The stock had previously closed at C$14.29.

Wall Street Analysts Forecast Growth

Separately, TD increased their price target on shares of 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Dream Industrial Real Estate Invest Trst presently has a consensus rating of “Buy” and an average price target of C$15.04.

Dream Industrial Real Estate Invest Trst Stock Performance

The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.24 and a current ratio of 0.40. The stock’s 50-day moving average is C$14.00 and its 200 day moving average is C$13.37. The firm has a market cap of C$4.13 billion, a P/E ratio of 22.81 and a beta of 1.15.

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