Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$14.82.

A number of research firms have issued reports on DIR.UN. Royal Bank Of Canada raised their target price on Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Desjardins upped their price target on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the company a “buy” rating in a research report on Thursday, February 19th. Raymond James Financial increased their price target on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. TD Securities lifted their price objective on Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the stock a “buy” rating in a report on Thursday, December 18th. Finally, National Bank Financial boosted their price objective on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the company an “outperform” rating in a research note on Friday, December 19th.

Dream Industrial Real Estate Invest Trst Stock Down 1.1%

Dream Industrial Real Estate Invest Trst stock opened at C$12.36 on Friday. Dream Industrial Real Estate Invest Trst has a twelve month low of C$9.48 and a twelve month high of C$13.62. The firm has a 50 day moving average price of C$12.98 and a 200-day moving average price of C$12.61. The company has a market capitalization of C$3.60 billion, a P/E ratio of 21.31 and a beta of 1.06. 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 issued its quarterly earnings results on Tuesday, February 17th. The company reported C$0.10 earnings per share (EPS) for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. The company had revenue of C$131.66 million during the quarter. As a group, equities analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS 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.