Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Reaches New 52-Week High – What’s Next?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) hit a new 52-week high during trading on Monday . The stock traded as high as C$12.83 and last traded at C$12.81, with a volume of 182080 shares. The stock had previously closed at C$12.62.

Analysts Set New Price Targets

A number of brokerages recently commented on DIR.UN. BMO Capital Markets raised their price target on Dream Industrial Real Estate Invest Trst from C$13.00 to C$14.00 in a research note on Monday, November 10th. Desjardins raised their price objective on Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the company a “buy” rating in a research report on Monday, October 6th. TD Securities upped their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Finally, National Bankshares upped their price target on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the company an “outperform” rating in a report on Friday, December 19th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$14.36.

Dream Industrial Real Estate Invest Trst Trading Up 2.6%

The stock’s fifty day simple moving average is C$12.32 and its 200 day simple moving average is C$12.17. The firm has a market capitalization of C$3.80 billion, a PE ratio of 15.10 and a beta of 1.24. The company has a quick ratio of 0.25, 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, November 4th. The company reported C$0.16 earnings per share (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$126.62 million during the quarter. On average, sell-side analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current 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.