Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Raised to C$16.00

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective increased by Desjardins from C$15.50 to C$16.00 in a report released on Thursday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Separately, TD upped 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 report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$15.47.

Dream Industrial Real Estate Invest Trst Stock Performance

Dream Industrial Real Estate Invest Trst stock opened at C$14.09 on Thursday. The company’s 50-day moving average price is C$14.24 and its 200-day moving average price is C$13.60. The company has a quick ratio of 0.24, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. The company has a market cap of C$3.95 billion, a PE ratio of 22.37 and a beta of 1.15. Dream Industrial Real Estate Invest Trst has a twelve month low of C$11.81 and a twelve month high of C$14.85.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$0.11 EPS for the quarter. The firm had revenue of C$131.42 million during the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. On average, equities research analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current fiscal 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.