Dream Industrial Real Estate Invest Trst (DIR.UN) Receives Consensus Recommendation of “Hold” from Brokerages

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$9.25.

Several equities research analysts have commented on the stock. Scotiabank upped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$8.75 to C$9.25 and gave the company a “sector perform” rating in a report on Tuesday, August 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$9.50 price objective on shares of Dream Industrial Real Estate Invest Trst in a report on Monday, November 27th. National Bank Financial reaffirmed a “sector perform” rating and set a C$9.25 price objective on shares of Dream Industrial Real Estate Invest Trst in a report on Thursday, November 23rd. Finally, Canaccord Genuity downgraded shares of Dream Industrial Real Estate Invest Trst from a “buy” rating to a “hold” rating in a report on Monday, October 30th.

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) remained flat at $C$8.83 during trading hours on Friday. The stock had a trading volume of 68,733 shares, compared to its average volume of 181,563. Dream Industrial Real Estate Invest Trst has a one year low of C$8.03 and a one year high of C$9.25.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 15th will be given a $0.0583 dividend. This represents a $0.70 annualized dividend and a dividend yield of 7.92%. The ex-dividend date is Wednesday, November 29th.

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About Dream Industrial Real Estate Invest Trst

Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.

Analyst Recommendations for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)

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