Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given Consensus Rating of “Buy” by Brokerages

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have covered the stock in the last year is C$15.04.

Separately, TD upped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the stock a “buy” rating in a report on Thursday, May 7th.

Dream Industrial Real Estate Invest Trst Trading Up 2.0%

TSE:DIR.UN opened at C$14.27 on Friday. The stock’s 50 day moving average price is C$13.95 and its 200 day moving average price is C$13.31. Dream Industrial Real Estate Invest Trst has a 52 week low of C$11.39 and a 52 week high of C$14.45. The company has a market capitalization of C$4.10 billion, a P/E ratio of 22.65 and a beta of 1.15. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.24 and a current ratio of 0.40.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. The firm had revenue of C$130.46 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, 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.