Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Has Consensus Target Price of C$15.47

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have received an average rating of “Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$15.47.

A number of research firms have weighed in on DIR.UN. Desjardins boosted their target price on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. National Bank Financial raised their price target on Dream Industrial Real Estate Invest Trst from C$16.25 to C$16.75 and gave the company an “outperform” rating in a research report on Thursday, August 6th. TD lifted their price objective on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group boosted their price objective on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the stock a “buy” rating in a research report on Thursday, August 6th.

Dream Industrial Real Estate Invest Trst Trading Down 0.6%

Dream Industrial Real Estate Invest Trst stock opened at C$12.64 on Friday. Dream Industrial Real Estate Invest Trst has a one year low of C$11.81 and a one year high of C$14.85. The company’s fifty day moving average price is C$13.38 and its two-hundred day moving average price is C$13.68. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.24. The company has a market capitalization of C$3.64 billion, a price-to-earnings ratio of 21.87 and a beta of 1.13.

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 earnings per share for the quarter. The company had revenue of C$131.42 million during the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. On average, analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share 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.