Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Raised to C$16.75

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective boosted by stock analysts at National Bank Financial from C$16.25 to C$16.75 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 20.33% from the stock’s current price.

Other analysts have also recently issued reports about the company. Desjardins upped their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group lifted their target price on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the stock a “buy” rating in a research note on Thursday. Finally, TD increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a “buy” rating in a research note on Thursday. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Dream Industrial Real Estate Invest Trst presently has a consensus rating of “Buy” and an average price target of C$15.47.

Dream Industrial Real Estate Invest Trst Price Performance

Shares of TSE:DIR.UN traded down C$0.49 during trading on Thursday, reaching C$13.92. 317,894 shares of the company’s stock traded hands, compared to its average volume of 589,303. The company has a quick ratio of 0.24, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$11.78 and a fifty-two week high of C$14.85. The company has a 50-day simple moving average of C$14.24 and a 200-day simple moving average of C$13.60. The firm has a market cap of C$4.00 billion, a PE ratio of 22.10 and a beta of 1.15.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share for the quarter. The company had revenue of C$131.42 million during the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. As a group, analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share 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.