Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Sets New 12-Month High – Time to Buy?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$14.83 and last traded at C$14.80, with a volume of 417496 shares changing hands. The stock had previously closed at C$14.73.

Analyst Upgrades and Downgrades

Separately, TD upped their target price 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 research note on Thursday, May 7th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Dream Industrial Real Estate Invest Trst currently has a consensus rating of “Buy” and an average price target of C$15.04.

Dream Industrial Real Estate Invest Trst Price Performance

The company has a current ratio of 0.40, a quick ratio of 0.24 and a debt-to-equity ratio of 63.72. The firm’s 50-day moving average price is C$14.11 and its two-hundred day moving average price is C$13.49. The stock has a market cap of C$4.26 billion, a PE ratio of 23.49 and a beta of 1.15.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$130.46 million for 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, equities analysts expect that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share 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.