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

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have been assigned an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$15.47.

Several analysts recently commented on the stock. Desjardins increased their price objective 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 report on Thursday, August 6th. National Bank Financial increased their target price on Dream Industrial Real Estate Invest Trst from C$16.25 to C$16.75 and gave the company an “outperform” rating in a research note on Thursday, August 6th. TD lifted their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Canaccord Genuity Group lifted their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, August 6th.

Dream Industrial Real Estate Invest Trst Stock Performance

Dream Industrial Real Estate Invest Trst stock opened at C$13.98 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. The company has a market capitalization of C$3.92 billion, a P/E ratio of 24.19 and a beta of 1.15. The stock’s 50 day moving average is C$14.24 and its 200 day moving average is C$13.63. Dream Industrial Real Estate Invest Trst has a twelve month low of C$11.81 and a twelve month high of C$14.85.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its quarterly earnings data 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%. On average, equities research analysts predict 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.